Question

find the compound interest on rupees 25000 at the rate of 12% per annum for 3 years

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Answer 1

Answer:

the time given is 3 years then first we will take out the compound interest of first first year means the equation form is 25000 into 1 into 12 upon hundred it means the compound interest of first year is 3000 then we will add this compound interest the principal means the new principal for the second year is 28000 then the compound interest for the second year is formed 28000 into 1 into 12 upon hundred that is equals to 3360 then we will add this amount to the principal it means 28000 + 3360 is equals to 31360 then the compound interest for third year is 31360 into 1 into 12 upon hundred that is equals to 3763.2 these are the compound interest of 3 years if you want the total compound interest then add these three compound interest of three years you will get the annual compound interest