Question

find the amount on deposit of rupees 12000 after 3 years when the interest is compounded annually at the rate of 5 percent p.er annum

Answer 1

a= p(1+r/100)^t

= 12000(1+5/100)^3

= 12000x21x21x21/20x20x20

= 13891.5 rs

Answer 2

any difficulty pls ask