Karan deposited 32000 in a bank that gives compound interest at 12.5 per annum how much money will karan get back after 3 yeras find the compound interest also
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Given:- Principle amount (p) =Rs 32000
Interest rate (r)=12.5% p.a.
Time (t)= 3 years
therefore, amount(A)=P(1+R/100)^t
=>A=32000(1+12.5/100)^3
=>A=32000(100+12.5/100)^3
=>A=32000(112.5/100)^3
=>A=32000*112.5/100*112.5/100*112.5/100
=>A=32000*1423828.125/1000000
=>A=45562500000/1000000
=>A=Rs 45562.5
Compound Interest=A-P
=45562.5-32000
=Rs 13562.5
This is your answer.
Hope it will help you.
Rohit89898787:
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