Question

find the compound interest of 12000 at 8% for 1 yea the interest payable happier​

Answer 1

ANSWER:

given,

principal = 12000

R.I = 8%

Time=1 yrs

C.I=p[(1+R.I÷100)^1-1]

=12000[(1+8/100)^1-1]

=12000[(1+2/25)^1-1]

=12000[(25+2/25)^1-1]

=12000[(27/25)^1-1]

=12000[27/25-1]

=12000[27-25/25]

=12000[2/25]

=12000×2/25

=480×2

=960

Thus,Compound Interest of 12000 at 8%for1yr is Rs960

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