₹ 10,752 for 3 years at 12 1/2p.a., interest being payable yearly.
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₹ 10,752 for 3 years at 12 1/2p.a., interest being payable yearly.
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Step-by-step explanation:
Amount after 3 years = P(1+
100
r
)
3
= 12000×(1+
100
5
)
3
= Rs. 13891.50
C.I. = Amount − Principal
C.I. =13891.50−12000
= Rs. 1891.50
Thus, compound interest is Rs. 1891.50.
According to simple interest,
Interest = Rs. 4052
According to Compound Interest
Interest = Rs. 4557