Question

rupees 50000 is lent for 3 years at 8% per annum compound interest find the compound interest at the end of 3 years​

Answer 1

Answer:

Rs. 12985.6

Step-by-step explanation:

The amount after compounding a principal amount, P, at an interest rate i , for years t

is;

i

Amount P* (1+ 100)

In our case;

\begin{gathered]P=50000\\i=8%\\t=3\end{ga

Therefore

Атоunt 50000 * (1 +

Amount 62985.6

8 100

Now, the compound interest at the end of 3 years is given as the difference between the Amount at the end of the period and the principal amount

Interest 62985.6 - 50000 Interest = 12985.6

hope it helps you, please mark as the brainliest