Question

Monika deposited Rs 32000 in a Oriental Bank of Commerce that gives compound interest at
12.5% per annum. How much money will she get back after 3 years?
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Answer 1

Hey friend!!! Here is your answer,

Principal= Rs.32000

Rate=12.5% p.a.

Time= 3 years

Amount= Principal*(1+r/100)^Time

= 32000*(1+12.5/100)^3

=32000*(1125/1000)(1125/1000)(1125/1000)

=Rs. 45562.50

So, Monika will get Rs. 45562.50

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Answer 2

45562.50 is the answer mate .