Math, asked by dinamani82, 5 months ago


Sania took a loan of 316,000 against her insurance policy at the rate of 12.5% per ar
annually. Find the compound interest payable by her after 3 years​

Answers

Answered by arkadyutidutta2007
2

Answer:

Rs. 6781.25

Step-by-step explanation:

In case of compund interest,

CI=P[(1+  

100

R

​  

)  

N

−1]

where :  CI - Compound Interest, P - Principal, R - Rate%, N - Number of years.

The compound interest Rama has to pay  =16000[(1+  

100

12.5

​  

)  

3

−1]=16000×0.424=Rs. 6781.25

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