What will be the compound interest on a sum of 25000 after 3 year at the rate of 12 p. c. p. a.
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Step-by-step explanation:
HELLO GUYS...
let's begin..
- principal = 25,000
- time = 3 years.
- rate = 12℅ / anum..
Amount. = P(1+R/100)^time
A = 25000(1+12/100)^3
A = 25000(112/100)^3
A = 25000 × 112/100 × 112/100 × 112/100..
because there is time whole three..
A = 25 × 112/100 × 112/10 × 112/1
A = 14 × 112 × 112/5
A = 35,123.20
Compound Interest = Amount - Principal
CI = A - P
CI = 35,123.20 - 25,000
CI = 10,123.20
THANK YOU
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