Question

Find the amount and compound interest on Rs.31250 for 3 years at 12% per annum
compounded annually

Answer 1

Answer:

Here P = Rs. 31250, t = 3 years, r = 8%, 10%, 12% successively. Hence, Amount = Rs. 41580.

Answer 2

$Principal = Rs. \: 31,250$

$Rate=12\%$

$Time = 3 \: years$

$SI= \frac{P×R×T}{100}$

$SI = \frac{31,250 \times 12 \times 3}{100 }$

$SI = 625 \times 6 \times 3$

$SI = 625 \times 18$

$SI = 11,250$