Question

how much compound interset of rs.40960 will be obtained in three years if rate of interest is12.5% annual​

Answer 1

Answer:

R.s 17360

Explanation:

p=40960

r=12.5%

t=3yrs

C.I={P[1+r/100]^t-p}

C.I={40960[1+12.5/100]³-40960}

C.I={40960[1+0.5/4]³-40960}

C.I={40960×91.125/64-40960}

C.I={640×91.125-40960}

C.I={58320-40960}

C.I=Rs. 17360