Question

find the compound interest on rupees 25000 @ 12% per annum for 3 years

Answer 1

Hi.

Here is your answer---

___________________

Given---

Principal(P) = Rs. 25000
Rate%(R%) = 12%
Time(t) = 3 years.

Using the Formula,

   Interest = (P × R × T) ÷ 100
               = (25000 × 12 × 3) ÷ 100
               = 900000 ÷ 100
               = 9000

Thus, Compound INTEREST will be Rs. 9000.

___________________________


Hope it helps.

Have a nice day.