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2 years ago

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

Mathematics

1 answer:

postnew [5]2 years ago

3 0

Answer:

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

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Answer:

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Consider the provided information.

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