Question

plzzzzzzzzzzz answer the sum with full explanation


Dattu to borrowed 12800 rupees from a bank for 3 years at the rate of 12 and half pcpa at compound interest what amount must he pay back to the bank at the end of the year​

Answer 1

Answer:

The Amount received after 3 years is Rs 18224.64

Step-by-step explanation:

Given as :

The principal borrowed from bank = p = Rs 12800

The time period = t = 3 years

The rate of interest = 12.5 % at compound interest

Let The Amount received after 3 years =  Rs A

From Compound Interest method

Amount = Principal × $(1+\dfrac{rate}{100})^{time}$

Or, A = p × $(1+\dfrac{r}{100})^{t}$

Or A = Rs 12800  × $(1+\dfrac{12.5}{100})^{3}$

Or A = Rs 12800  × ( 1.125 )³

Or A = Rs 12800  × 1.4238

∴ A = Rs 18224.64

So, The Amount received after 3 years = A = Rs 18224.64

Hence, The Amount received after 3 years is Rs 18224.64  Answer