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₹10800 for 3 years at 12.5% …

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₹10800 for 3 years at 12.5% Per Annum compounded annually
  • 1 answers

Yogita Ingle 4 years, 2 months ago

P = 10800
r =25/2 (annually)
number of years n = 3 yrs
A = p{1+r/100}n
   = 10800{1+25/200}3
   =rs 15377.34 (approx)
CI = A - P
    = rs(15377.34 - 10800)
     = rs 4577.34

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