Find the amount on a sum of rs 500 for 3 years at 12% per annum
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Principal = Rs 5000
Rate = 12% per annum
Time = 3 years
Amount = P[1+R/100]T
= 5000[1+12/100]3
= 5000×112/100×112/100×112/100
= Rs 7024.64 /-
Rate = 12% per annum
Time = 3 years
Amount = P[1+R/100]T
= 5000[1+12/100]3
= 5000×112/100×112/100×112/100
= Rs 7024.64 /-
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