Question

What will be the compound interest on rs 25,000 after 3 years at the rate of 12% per annum?

Answer 1

$\bold{hey \: mate}$

$\bold{here \: is \: ur \: answer}$

$\bold{ = amount = p(1 + \frac{r}{100}) }^{2}$

$\bold{ = 25000(1 + \frac{12}{100}) }^{2}$

$\bold{ = 25000( \frac{100 + 12}{100}) }^{2}$

$\bold{ = 25000 \times \frac{112}{100} \times \frac{112}{100} }$

$\bold{= 31360}$

$\bold{compund \: intersest = }$

$\bold{amount - principal }$

$\bold{ = 31360 - 25000}$

$\bold{ = 6360}$