Find the compound interest on rs.25000 at rate of 12 percent per annum

1.	Find the compound interest on rs.25000 at rate of 12 percent per annum for three years
Answer» $\blue{\bold{\underline{\underline{Answer:}}}}$ $\green{\tt{\therefore{Compound\:Interest=10,123.2\:rupees}}}$ $\orange{\bold{\underline{\underline{Step-by-step\:explanation:}}}}$ $\green{\underline \bold{<klux>GIVEN</klux>: }} \\ \tt: \implies Principal(p) = 25,000 \: rupees \\ \\ \tt: \implies Rate\%(r) = 12\% \\ \\ \tt: \implies Time(t) = 3 \: years \\ \\ \red{\underline \bold{To \: Find: }} \\ \tt: \implies Compound \: Interest = ?$ • ACCORDING to given QUESTION : $\bold{As \: we \: know \: that} \\ \tt: \implies A = p(1 + \frac{r}{100} )^{t} \\ \\ \tt: \implies A =25000(1 + \frac{12}{100} )^{3} \\ \\ \tt: \implies A =25000 \times (1 + 0.12)^{3} \\ \\ \tt: \implies A=25000\times (1.12)^{3} \\ \\ \tt: \implies A = 25000 \times 1.404928 \\ \\ \green{\tt: \implies A =35,123.2 \: rupees} \\ \\ \bold{For \: compound \: Interest} \\ \tt: \implies C.I = A - p \\ \\ \tt: \implies C.I= 35123.2 - 25000 \\ \\ \green{\tt: \implies C.I =10,123.2 \: rupees}$

Find the compound interest on rs.25000 at rate of 12 percent per annum for three years

Answer»

$\blue{\bold{\underline{\underline{Answer:}}}}$

$\green{\tt{\therefore{Compound\:Interest=10,123.2\:rupees}}}$

$\orange{\bold{\underline{\underline{Step-by-step\:explanation:}}}}$

$\green{\underline \bold{<klux>GIVEN</klux>: }} \\ \tt: \implies Principal(p) = 25,000 \: rupees \\ \\ \tt: \implies Rate\%(r) = 12\% \\ \\ \tt: \implies Time(t) = 3 \: years \\ \\ \red{\underline \bold{To \: Find: }} \\ \tt: \implies Compound \: Interest = ?$

• ACCORDING to given QUESTION :

$\bold{As \: we \: know \: that} \\ \tt: \implies A = p(1 + \frac{r}{100} )^{t} \\ \\ \tt: \implies A =25000(1 + \frac{12}{100} )^{3} \\ \\ \tt: \implies A =25000 \times (1 + 0.12)^{3} \\ \\ \tt: \implies A=25000\times (1.12)^{3} \\ \\ \tt: \implies A = 25000 \times 1.404928 \\ \\ \green{\tt: \implies A =35,123.2 \: rupees} \\ \\ \bold{For \: compound \: Interest} \\ \tt: \implies C.I = A - p \\ \\ \tt: \implies C.I= 35123.2 - 25000 \\ \\ \green{\tt: \implies C.I =10,123.2 \: rupees}$

Find the compound interest on rs.25000 at rate of 12 percent per annum for three years

• ACCORDING to given QUESTION :

Discussion

No Comment Found

Related InterviewSolutions

Reply to Comment