Ramesh invest rs 12800 for three yrs at the rate of 10%per annum compound interest find:
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Answer:
Rs.4236.80
Step-by-step explanation:
Principal (P) = Rs.12800
Rate (R)= 10% per annum
Time (T)= 3 years
Amount (A) = P (1 + R/100)^T
A = 12800 (1 + 10/100)^3
A = 12800 * (11/10)^3
A = 17036.80
Hence, compond interest = Rs.(17036.80 - 12800) = Rs.4236.80
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