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What Would Be The Compound Interest Accrued On An Amount Of 12500 Rs. At The End Of 3 Years At The Rate Of 10 % Per Annum? |
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Answer»
No. of YEARS = 3 Rate of interest = 10 AMOUNT = P x (1+r/100) ^n, = 12500 x (1+10/100) ^3 = 12500 x (11/10)^3 = 12500 x (11/10)x (11/10)x (11/10) = 16637.5 Compound Interest, C. I = Amount - Principal = 16637.5 - 12500 = 4137.5 Given principal = 12500 No. of years = 3 Rate of interest = 10 Amount = P x (1+r/100) ^n, = 12500 x (1+10/100) ^3 = 12500 x (11/10)^3 = 12500 x (11/10)x (11/10)x (11/10) = 16637.5 Compound Interest, C. I = Amount - Principal = 16637.5 - 12500 = 4137.5 |
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