What sum will amount to 17,000 in 3 years at 12% p.a. simple interest?
Answers
Answered by
1
Answer:
SI = P x R x T ÷100
SI = 17000 x 12 x 3 ÷100
SI = 170 x 12 x 3
SI = 6120
Answered by
0
Answer:
Simple Interest= p*r*t/100
=17000*12*3/100
= 6120
Amount= p(1+r/100)n
=17000(1+12/100)³
=17000(100+12/100)³
=17000(112/100)³
=17000*112/100*112/100*112/100
=2985472/125
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