find them compound interest on rupees 25000 at them rate of 12%pre annum for three years
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HELLO!!
ANSWER:
Compound interest = ₹10123.20
EXPLANATION:
GIVEN:
Principal (P) = ₹25000
Rate of interest (r) = 12% per annum
Time(n) = 3 years
TO FIND:
Compound interest
SOLUTION:
Amount (A)= P (1 + r/100)³
A= 25000 ( 1 + 12/100)³
A= 25000 ( 1+ 0.12)³
A= 25000 (1.12)³
A= 25000 ( 1.404928)
A= ₹35123.20
Compound interest (CI) = A - P
CI = 35123.20 - 25000
CI = ₹10123.20
HOPE IT HELPS YOU!!
ANSWER:
Compound interest = ₹10123.20
EXPLANATION:
GIVEN:
Principal (P) = ₹25000
Rate of interest (r) = 12% per annum
Time(n) = 3 years
TO FIND:
Compound interest
SOLUTION:
Amount (A)= P (1 + r/100)³
A= 25000 ( 1 + 12/100)³
A= 25000 ( 1+ 0.12)³
A= 25000 (1.12)³
A= 25000 ( 1.404928)
A= ₹35123.20
Compound interest (CI) = A - P
CI = 35123.20 - 25000
CI = ₹10123.20
HOPE IT HELPS YOU!!
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