Question

Find the compound interest on $ 10752 at 12/1/2 p.a for 3 years interest being payable yearly

Answer 1

Answer:

$15309

Step-by-step explanation:

The interests is 12.5 % which means every year the money will be multiplied by 1.125

Let C-n represents money in year n when n is a positive integer

S represents the starting money

We can conclude that C-n = S * (112.5) ^ n

## C-3 = 10752 * (1.125)^3

= 15309

Answer 2

Answer:

17,199

Step-by-step explanation:

p=10752

r=12.5[simplified]

time=3 years

amount=p[1+r/100]^n

            =10752[1+12.5/100]^3

           =10752[1+1/8]^3

           =10752[11/8]^3

            =27951

C.I[COMPOUND INTEREST]=A-P

                                             =27951-10752

                                              =17199 RUPEES

VERIFIED ANSWER! DON'T CHECK OTHER ANSWERS THEY ARE COPIED FROM ONE ANSWER ONLY.ALL COPYCATS!