Question

Find the compound interest on rupees 10752 at 12 1/2 ℅ per annum for three years interest being payable yearly

Answer 1

Answer:

15309 rupees

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 rupees

Answer 2

Step-by-step explanation:

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