Question

Find the amount of ₹ 1,25,000 after 3 years, when the interest is compounded annually at the rate of 6% per annum

Answer 1

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Answer 2

Answer:

P = ₹1,25,000

R= 6%

T= 3 yrs

A = p(1+r/100)^n

A= 1,25,000(1+6/100)³

1,25,000(106/100)³

1,25,000 × 106/100 × 106/100 × 106/100

(25×53×53×53/100)

53×53×53=1,48,877