Question

The amount after 3 years on a principal of Rs. 64000 at the rate of compound interest 12.5 p.c.p.a is

Answer 1

Answer:

Rs 88000

Step-by-step explanation:

N- period = 3 years

R=RATE =12.5%

P= PRINCIPAL= 64000 RUPEES

AMOUNT = PRINCIPAL + INTEREST

GIVE CONDITION. BRN/100=1

64000×12.5×3= 1001

INTEREST = 2400

AMOUNT= 6400+2400

AMOUNT= RS 88000