find the compound interest on rs 12000 for 3 years at 10 percent per annum compounded yearly
Answers
Answered by
1
AMOUNT=12000(1+10/100)^3
=12000(11/10)^3
=12000*11/10*11/10*11/10
=12*1331
=₹ 15,972
Answered by
3
interest = p×r×t/100
Here p = 12000
T= 3 YRS
Interest rate =10 percent per annum
Therefore
Interest = 12000X 10 X 3/100
=3600
Similar questions