Question

Find the compound interest on 12,000 for 3 years
at 10% per annum compounded annually​

Answer 1

Answer:

3600

Step-by-step explanation:

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Answer 2

Answer:

Compound Interest is Rs 3972

Step-by-step explanation:

Principal = Rs 12000

Rate = 10%

Time = 3 yrs

CI = A - P

= P * ( 1 + R/ 100 ) - P

12000*( 1 + 10/100 )^3 - 12000

12000*(1 + 1/10 )^3 - 12000

12000*( 11/10 )^3 - 12000

12000 * 11/10* 11/10* 11/10 - 12000

12* 11*11*11 - 12000

12 * 1331 - 12000

15972 - 12000

= Rs 3972