Question

Find the amount and the compound interest on 15625 for 3 years at 12% per annum, compounded annually

Answer 1

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

Answer 2

Answer:

x + 8x/100 = 769

108x/100 = 769

x = 76900/108

x = 712.03

Hope it will be helpful ✌️