Question

What will be the compound interest p=25000 r= 12% p.a for 5 years

Answer 1

Explanation:

I= PRT ÷ 100

P is principal

R is rate (%)

T is time (years)

I = (25000 × 12 × 5) ÷ 100

= 15000

Answer 2

Answer:19057.5

Explanation:

Compound interest=p(1+r/100)^n-p

Compound interest=25000(1+12/100)^5-25000

Compound interest=25000(1.12)^5-25000

Compound interest=25000×1.7623-25000

Compound interest=44057.5-25000

Compound interest=19057.5