Question

in how many years will a sum of 25000 amount To 33275 at a rate of 10% p.a. that is compounded annualy​

Answer 1

Step-by-step explanation:

P = Rs. 25000, n = 3 years, r = 12% p.a

∴ Amount =P(1+

100

r

)

n

=Rs.25000×(1+

100

12

)

3

=Rs.25000×(

100

112

)

3

=Rs.25000×

25

28

×

25

28

×

25

28

=Rs.35123.20

∴ Compound interest =Rs.(35123.20−25000)=Rs.10123.20