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krok68 [10]
2 years ago
6

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:

<h2>$128847</h2>

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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2 years ago
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