Renu deposited a sum of* 12500 in a bank or 3 years. If bank pays compound interest at the rate
of 6% per annum, what amount will she get at the end of 3 years?
Answers
Answered by
2
Answer:
14,887 Rupees
Step-by-step explanation:
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Answered by
1
Answer:
14,887.7
Step-by-step explanation:
formula: future value = present value*(1+r)^n
Therefore, Future value = 12500*(1.06)^3 = 14, 887.7
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