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3 years ago

Please answer this question please

Mathematics

1 answer:

Bas_tet [7]3 years ago

8 0

<h3>Answer:</h3><h3 /><h3>Amount = Rs 13891.50</h3><h3>Compound interest = Rs 1891.50</h3>

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

<h3>Amount = Rs 13891.50</h3>

Compound interest = 13891.50 - 12000

<h3>Compound interest = Rs 1891.50</h3>

Hope this helps you

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