Question

please answer this.....

Answer 1

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Here is your answer
P = Rs 10,800
T = 3 years , n = 3 for comp. annually
R = 12 1/2%
= 25/2 % p.a

As we know the formula

A = P(1+R/100)^n


$= 10800 \times(1 + \frac{25 }{100 \times 2} ) {}^{3} \\ = 10800( \frac{9}{8} ) {}^{3} \\ = \frac{10800 \times 9 \times 9 \times 9}{8 \times 8 \times 8} \\ = 15377.34$
So Amount = Rs 15377.34

Compound Interest is A - P
= 15377.34 - 10800
= Rs 4577.34

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