Question

find the amount and the compound interest on ₹12800 for 1 year at 7/​

Answer 1

Step-by-step explanation:

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Answer 2

Answer:

Given, P = Rs 12800, rate = 7 ½ % = 15/2% = 7.5%, time = 3years A = P (1 + R/100) n = 12800 (1 + 7.5/100)3 = 12800 (107.5/100)3 = Rs 15901.4 Compound interest (CI) = A-P = Rs 15901.4 – 12800 = Rs 3101.4