Question

What will be the compound interest on a sum of 25000 after 3 year at the rate of 12 p. c. p. a.

Answer 1

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