Math, asked by kanhaiya92, 10 months ago

John purchase washing machine at rs 12000 on credit and the shopkeeper charges interest the rate of 20% per annum.calculate the compound interest he will have to pay after 3 years.

Answers

Answered by adyanths

5

Answer:

Step-by-step explanation:

P= 12000

R= 20%

T= 3yrs

CI= A-P

A= P(1+R/100)^n

CI= P(1+R/100)^n - P

= 12000(1+20/100)³ - 12000

= 12000×120/100×120/100×120/100 - (12000)

=20,736 - 12000

=8,736

Thus John has to pay 8,736 as the interest

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