Question

principal=25000,time=3years,
rate=10%per annum,compounded annually
​

Answer 1

Answer:

 Principal,P= ₹25,000

 Rate of Interest= 10%

 I=P[1+$\frac{r}{100}$​]$^{n}$ -P

 I=25000[1+$\frac{10}{100}$]³I - 25000

 I=25000[$\frac{110}{100}^{3}$] - 25000

 I=25000 × $\frac{1331}{1000}$ -25000

 I= ₹33275 - 25000

 I=₹8274

Amount=I+P

            =₹8274+₹25000

            =₹33275