Find the amount and the compound interest on 15625 for 3 years at 12% per annum, compounded annually
Answers
Answered by
12
A=p(1+r/100)^t
A=15625(1+12/100)^3
=15625(28/25)^3
=15625*21952/15625
=21952
Amount is 21952
Compound interest= a-p
CI=6327
A=15625(1+12/100)^3
=15625(28/25)^3
=15625*21952/15625
=21952
Amount is 21952
Compound interest= a-p
CI=6327
Answered by
16
Answer:
x + 8x/100 = 769
108x/100 = 769
x = 76900/108
x = 712.03
Hope it will be helpful ✌️
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