10,800 for 3 years at 12% per annum compounded annually

1.	10,800 for 3 years at 12% per annum compounded annually
Answer» Principal (P) = Rs 10, 800 Rate (R) 12 1/2% = 25/2% ( annual ) Number of years (n) = 3 Amount, A = p( 1 + R/100 )n = Rs [10800 (1 + 25/200)3] = Rs [10800(225/200)3] = Rs ( 10800 x 225/200 x 225/200 x 225/200 ) = Rs 15377.34375 = Rs 15377.34 (approximately) C.I. = A − P = Rs (15377.34 − 10800) = Rs 4,577.34 Like my answer if you find it useful!

Answer»

Principal (P) = Rs 10, 800

Rate (R) 12 1/2% = 25/2% ( annual )

Number of years (n) = 3

Amount, A = p( 1 + R/100 )n

= Rs [10800 (1 + 25/200)3]

= Rs [10800(225/200)3]

= Rs ( 10800 x 225/200 x 225/200 x 225/200 )

= Rs 15377.34375

= Rs 15377.34 (approximately)

C.I. = A − P = Rs (15377.34 − 10800) = Rs 4,577.34

Like my answer if you find it useful!

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