find the amount and the compound interest on 12000 rupees in 3years at 5 percent interest being compoundedvannua
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formula used amount=p(1+r/100)^t
12000(1+5/100)^³
12000(105/100)^3
13,891.5 = amount
ci = amount - principle
13891.5-12000
1891.5 = compound interest
12000(1+5/100)^³
12000(105/100)^3
13,891.5 = amount
ci = amount - principle
13891.5-12000
1891.5 = compound interest
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