Question

mohan lent and amount of 25000 to mahesh for a period of 3 year at the rate of 12 %per annum compounded annually find the amount payeable to mohan after 3year

Answer 1

Answer:

₹22478.84

Step-by-step explanation:

$p = 16000 \\ r = 12\% \\ a = p(1 + \frac{r}{100 } {)}^{n} \\ = 16000(1 + \frac{12}{100} {)}^{3} \\ = 16000 \times \frac{112}{100} \times \frac{112}{100} \times \frac{112}{100} \\ = 22478.84$