If principal is ₹ 12,000, rate of compound interest is 5 p.c.p.a. and amount is
₹13230, then find the number of years.
guys plzzźzzz answer as fast as poaaible i m in a hurry
Answers
Answered by
1
Step-by-step explanation:
ANSWER
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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