P=3200,r=25%p.a,n=3years. Find the compound interest when it is compounded annually
Answers
Answered by
3
Answer:
Compound Intrest = ₹3050
Step-by-step explanation:
P = ₹3200
R = 25%p.a.
n = 3years
C.I. = p × [(1 + r/100)^3 - 1]
= 3200 × [(1 + 25/100)^3 - 1]
= 3200 × [(1 + 1/4)^3 - 1]
= 3200 × [(4+1/4)^3 - 1]
= 3200 × [(5/4)^3 - 1]
= 3200 × [125/64 - 1]
= 3200 × [125 - 64/64]
= 3200 × 61/64
= 50 × 61
= 3050
Similar questions