Question

Please answer this question please ​

Answer 1

Amount = Rs 13891.50

Compound interest = Rs 1891.50

Explanation:

C = Amount (A) - Principal (P)

Where

C is the compound interest

To find the amount we use the formula

`A = P ({1 + (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 + (5)/(100) })^(3) \\ A = 12000(1 + 0.05)^(3) \\ A = 12000 ({1.05})^(3)`

We have the answer as

Amount = Rs 13891.50

Compound interest = 13891.50 - 12000

Compound interest = Rs 1891.50

Hope this helps you