Question

pls answer this question quickly

Answer 1

CI at rate of 12% in time 3 years will Rs. 10,123.20

Answer 2

AMOUNT = PRINCIPAL × ( 1 + R/100 ) ^N

AMOUNT = 25,000 × ( 1 + 12/100 ) ^ 3

AMOUNT = 25,000 × ( 1 + 3/25 ) ^ 3

AMOUNT = 25,000 × ( 28/25 ) ^ 3

AMOUNT =
$25000 \times 28 \div 25 \times 28 \div 25 \times 28 \div 25$
AMOUNT = 8 × 28 × 28× 28 ÷ 5

AMOUNT = 35,123.2 Rs.

____________________________________

COMPOUND INTEREST = AMOUNT - PRINCIPAL

Therefore, COMPOUND INTEREST = 35,123.2 - 25,000

COMPOUND INTEREST = 10,123.2 Rs.

Therefore, C.I. = 10,123.2 Rs.

Hope this helps !