Question

principal =64000 rate=9% time=3years Compounded annually . Find the CI​

Answer 1

Answer:

Step-by-step explanation:

CI=P(1+$\frac{r}{100})^{n}$-P

CI=64000(1+$\frac{9}{100})^{3}$-P

CI=64000($\frac{109}{100}$$)^{3}$-64000

CI=82881.85-64000

CI=18881.85

Hope it helps you!!!!