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svet-max [94.6K]
3 years ago
8

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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