Find the compound interest on Rs. 12000 for 3 years at 10% per annum compounded annually. *
1 point
a) 3672
b) 3772
c) 3872
d) 3972
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Find the compound interest on Rs. 12000 for 3 years at 10% per annum compounded annually. *
1 point
a) 3672
b) 3772
c) 3872
d) 3972
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Answer:
Now Compound interest = A - P ⇒ Compound interest = Rs. 15972 - Rs. 12000 = Rs. 3972
Step-by-step explanation:
Answer:
Given :-
Rs 12000 for 3 years at 10% per annum compounded annually.
To Find :-
What is the compound interest.
Formula Used :-
❶ To find amount (A) we know that,
❷ To find the compound interest, we know that,
C.I=Amount-Principal
Solution:-
Given :
Principal (P) = Rs 12000
Rate of Interest (r%) = 10 %
Time (n) = 3 years
❶ First we have to find the amount,
⇒
⇒ Amount = 12000
⇒ Amount = 12000
⇒ Amount = 12 × 11 × 11 × 11
⇒ Amount = Rs 15972
❷ Now, we have to find the compound interest,
⇒ C.I = 15972 - 12000
➠
C.I=Rs3972
\therefore∴ The compound interest will be
Rs3972
. Correct options will be the option no (d) ☑.
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