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Principal= 12800,rate=7 an half ,time=3 years find compound interest

Asked by mahendra589meena | 20 Nov, 2018, 08:25: PM

Expert Answer

According to the question,

P = Rs. 12800, r = 7.5 % p. a., n = 3 years

begin mathsize 16px style straight A equals straight P open parentheses 1 plus straight r over 100 close parentheses to the power of straight n equals 12800 open parentheses 1 plus fraction numerator 7.5 over denominator 100 end fraction close parentheses cubed equals Rs. space 15901.4 Compound space interest space equals space straight A space minus space straight P space equals space 15901.4 minus 12800 equals Rs. space 3101.4 end style

Answered by Sneha shidid | 21 Nov, 2018, 09:28: AM

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