P=6250 R=20% per year T=3.25 years
Find the compound interest
Answers
Answer:
Step-by-step explanation:
Given that,
Principal, P = 6250
Rate of interest, r = 20 % per annum
Time period, n = 3.25 years = 3 years
We know,
Compound interest (CI) received on a certain sum of money of P invested at the rate of r % per annum compounded annually for n years is
So, on substituting the values, we get
Additional information :-
1. Amount received on a certain sum of money of Rs P invested at the rate of r % per annum compounded annually for n years is given by
2. Amount received on a certain sum of money of Rs P invested at the rate of r % per annum compounded semi - annually for n years is given by
3. Amount received on a certain sum of money of Rs P invested at the rate of r % per annum compounded quarterly for n years is given by
4. Amount received on a certain sum of money of Rs P invested at the rate of r % per annum compounded monthly for n years is given by
how to convert t-3.25years