Question

Find the compunt intrest on rs 31250 at 12 % per annum for 12 1/2 years

Answer 1

Answer:

$128847

Step-by-step explanation:

given Principle at 31250

and rate = 12%

and time 12.5 years

the amount would be given by the equation

$P(1+\frac{rate}{100})^{time}$

plug in values to get

$31250(1+\frac{12}{100})^{12.5}$

end up with value $128847