Question

pls give the solution for this​

Answer 1

Answer:

1.14080

2.1408

3.17036.8

Step-by-step explanation:

The amount he invested=12800

Number of years=3

Rate of interest per annum=10%

Interest generated for first year

12800*10/100=1280

Since it is compound interest the sum he gets at the end of first year is 12800+1280=14080

Interest generated for second year

14080*10/100=1408

So 1408 is the interest generated for second year and the total becomes 15488

Interest generated for third year

15488*10/100=1548.8

So the total earnings by the end of three years are

15488+1548.8=17036.8