find the compound interest on 51200 at 12½%pa for 3 years compounded annually
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formula for compound interest=A=P{1+R\100}pawer to time
here, Principal is 51,200 Rate is 12 1\2 means 25 \2 and time is 3 years
there fore 51200{1+25\100×2}Power to 3
=51200{1+25\200}³
=51200{1+⅛}³
=51200{9\8}³
=51200×9/8×9/8×9/8
=100×9×9×9
=72,900
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