Question

Sunita invested ₹ 50,000 in mutual funds paying an interest 12% per annum. Find the amount he will get after 3 years if the interest is compounded annually. Also find the interest of the 3rd year.
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Answer 1

Step-by-step explanation:

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Answer 2

Step-by-step explanation:

SI=PTR by 100

= 50000*12*3 by 100

=500*12*3

= 6000*3

= 18000

A= SI+P

=18000+50000

=68000