Question

vijay deposited $ 12000 for three years at an interest of 15% per annum what compound interest does Vijay get after 3 years​

Answer 1

Step-by-step explanation:

Answer

CI=P[(1+

100

r

)

n

−1]

CI=12000[(1+

100

15

)

3

−1]=6250.5≈6250

Hence compound intrest=Rs.6,250

Answer 2

Principal :- 12000 Rs.

Rate :- 15%

Time :- 3 years

C.I :- P $[(1 + \frac{r}{100})^{n} - 1]$

⠀⠀= 12000$[(1 + \frac{15}{100})^{3} - 1]$

⠀⠀= 6250 Ans.