Question

(ii) Principal=
10,500, Time = 3 years, Rate = 12 % per annum​

Answer 1

Answer:

Given P = 10000, R = 12%, n = 2.

We know that A = P(1 + r/100)^n

= > 10000(1 + 12/100)^2

= > 10000(112/100)^2

= > 10000(1.12)^2

= > 10000(1.2544)

= > 12544.

We know that CI = A - P

                            = 12544 - 10000

                            = 2544.

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Step-by-step explanation: