Question

p = 1200 r = 12.5 percent and time is 3 year calculate ci​

Answer 1

Answer:

CI = 508.6

Step-by-step explanation:

P=1200

R = 12.5

T = 3 YEARS

AMOUNT AFTER THREE YEARS = P(1+R/100)^3

                                                      = 1200(100 + 12.5 / 100)^3

                                                       = 1200(112.5 / 100)^3

                                                       = 1200(1.423)^3

                                                       = 1708.6

CI = A - P

   = 1708.6 - 1200

   = 508.6