Question

Find the compound interest on Rs. 12500 for 3 years at 10% per annum compounded annually.

Answer 1

Step-by-step explanation:

Method of Solution;

Given;

Principal = 12,500

Rate = 10%

Time = 3 years

To find ;

Amount = ? and Compound Interest = ?

According to the Question!

Using Formula of Compound Interest

ATQ;

Compound Interest = Amount- Principal

=> Compound Interest = 16,637.5- 12,500

=> 4,137.5

Hence, Compound Interest = 4,137.5

Answer 2

Answer:

₹ 4137.5

Step-by-step explanation:

Amount= P×(1+R/100)^T

= 12500× (1+10/100)^3

= 12500× (11/10)^3

= 12500× 11/10× 11/10× 11/10

= 33275/2

= 16637.5

Now,

Compound Interest= Amount-Principal

= 16637.5 - 12500

= 4137.5