if P is 12000 and rate is 10%;time is 3 years
Answers
Answered by
1
Step-by-step explanation:
simple interest is 3600
Answered by
1
Step-by-step explanation:
Amount after 3 years = P(1+
100
r
)
3
= 12000×(1+
100
5
)
3
= Rs. 13891.50
C.I. = Amount − Principal
C.I. =13891.50−12000
= Rs. 1891.50
Thus, compound interest is Rs. 1891.50.
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