Mohan lent an amount of rs 25000 to Mahesh for a period of 3 years at the rate of 12 percent per annum compounded annually. I find the amount payable to mohan after 3 years
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should the amount is 35123.20
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p(1+r/100)t
25000(1+12/100)3
25000*112/100*112/100*112/100
ci =amt-principle
35123.2-25000=10123.2
25000(1+12/100)3
25000*112/100*112/100*112/100
ci =amt-principle
35123.2-25000=10123.2
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