Question

Find the amount to be paid at the end of 3 years on ₹12,000 at 5% per annum compounded
annually.​

Answer 1

Amount after 3 years = P(1+

100

r

)

3

= 12000×(1+

100

5

)

3

= Rs. 13891.50

C.I. = Amount − Principal

C.I. =13891.50−12000

= Rs. 1891.50

Thus, compound interest is Rs. 1891.50.

Answer 2

Answer:

amount after 3 years , p = [ 1 + r/100 ] 3

12,000 × [ 1 + r/100 ] ³

Rs = 13891.50

13891.50 - 12,000

Rs = 1891 .50

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Step-by-step explanation:

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