Question

Please answer this question please ​

Answer 1

Answer:

Amount = Rs 13891.50

Compound interest = Rs 1891.50

Step-by-step explanation:

C = Amount (A) - Principal (P)

Where

C is the compound interest

To find the amount we use the formula

$A = P ({1 + \frac{r}{100} })^{n}$

where

P is the principal

r is the rate

n is the period / time

From the question

P = Rs 12, 000

r = 5%

n = 3 years

Substitute the values into the above formula

That's

$A = 12000 ({1 + \frac{5}{100} })^{3} \\ A = 12000(1 + 0.05)^{3} \\ A = 12000 ({1.05})^{3}$

We have the answer as

Amount = Rs 13891.50

Compound interest = 13891.50 - 12000

Compound interest = Rs 1891.50

Hope this helps you