Question

find the amount to be paid at the end of 3yaers in each case a) principal=1,200 at 12% per anum b) principle =7,500at 5% per anum

Answer 1

HEY MATE HERE IS YOUR ANSWER ♥♥♥

Answer 2

Hi there!
Here's the answer:

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• When Interest is Compounded anually,

$Amount = P(1 + \frac{R}{100})^{n}$

where,
P = Principal
Rate = R% per annum
Time = n years

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SOLUTION :

(a)

Given,
n = 3 years
P = 1200
R = 12

Substitute in formula

$Amount = 1200(1 + \frac{12}{100})^{3}$

=> $= 1200(1.12})^{3}$

=> $= 1200(1.404928)$

=> $= 1685.9136 =~ 1686Rs$

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(b)
Given,
n = 3 years
P = 7500₹
R = 5%

Substitute in formula

$Amount = 7500(1 + \frac{5}{100})^{3}$

=> $= 7500(1.05)^{3}$

=> $= 7500(1.157625)$

=> $= 8682.1875 = 8583Rs$

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Hope it helps