find out amount and compound interest on rupees 12000 in 3 years at 5% compounded annually​

2 thoughts on “find out amount and compound interest on rupees 12000 in 3 years at 5% compounded annually​”

1. Answer:

   Amount = 13,891.5 Rs

   Interest = 1891.5 Rs

   Step-by-step explanation:

   r = 5%

   T = 3 years

   P = 12,000 Rs

   A = P(1 + r/100)³

   A = 12,000 × (1 + 5/100)³

   A = 12,000 × (1 + 1/20)³

   A = 12,000 × (21/20)³

   A = 12,000 × 9261/8000

   A = 13,891.5 Rs

   So,

   Amount, A = 13,891.5 Rs

   Interest, I = A – P = 13,891.5 – 12,000 = 1891.5 Rs

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2. Step-by-step explanation:

   1891.5. Thus, the compound interest on Rs. 12000 at 5 % p.a. for 3 years will be Rs. 1891.5.

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