Question

Rahul borrowed Rupees 125000 at 12% annual compound interest from a bank to buy a car what would be the total amount and the amount of interest after 3 years




please try to the steps too​

Answer 1

Ans

Formula for calculating compound interest

P(1+R)^T - P /100

Answer 2

Answer:

amount = Rs. 175616, interest =Rs. 50616