Principal=64000 rate=12.5% time=3 year’s calculate amount compounded annually
Answers
Answered by
1
Answer:
P(1+
R
100
)t
P = 10800, R =12
1
2
% and t = 3 years
So, A=10800(1+
25
200
)3
=10800(1+
1
8
)3
=10800(
9
8
)3
=10800×
9
8
×
9
8
×
9
8
=15377.34
So, Interest =A–P
=15377.54-10800=4577.34
Answered by
1
Step-by-step explanation:
formula is A=p(1+r/100)whole power n
A=64000(12.5/100)whole power 3 then solve the problem
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