Question

find the amount and compound intrest on rs25000 for 3 yrs at 12percent per annum compounded annually (without formula) step by step plz​

Answer 1

Answer:

Amount, A = 35123.2

Compound interest = 10123.2

Step-by-step explanation:

Given,

p = 25000

t = 3 years

r = 12 %

Amount = ?

Compound interest = ?

We know that,

$A = p \times \left( 1 + \frac{r}{100} \right)^t$

$A = 25000 \times \left ( 1 + \frac{12}{100} \right)^3$

$= 25000\times \left(\frac{112}{100} \right)^3$

$= \frac{25000\times 56\times 56\times 56}{125000}$

Amount, A = 35123.2

Compound interest = A - P

Compound interest = 35123.2 - 25000

Compound interest = 10123.2

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