Math, asked by agarwalak560, 1 month ago


What is the compound interest for 3 years on 40500 at 6.25% p.a.?

Answers

Answered by sohamsmalvankar
0

Answer:

₹8,328

Step-by-step explanation:

Here

Principal amount (P) = 40500

Time (t) = 3 years

Rate of interest p.a (r) = 6.25

Now

By using compound interest formula

A = 48,828

Therefore

Compound interest = A - P

= 48,828 - 40,500

= ₹ 8,328

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