Rs10800 for 3 year at 25/2 % per annum compounded annualy
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Step-by-step explanation:
Rs 1000 and three years interested for amount annum compounded annually is compounded annually formula by a A=p(1+r-n) n
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Answer:
Given,
Principal,P = Rs 10800
Compound Interese Rate,R =
p.a.
Time period,n = 3 years.
We know,
Amount when interest is compounded annually, A =
Therefore, the required amount =
= Rs. 15377.34
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