Respuesta :
Answer:
Substituting P = 10800, r = 12.5 and t = 3,
A=10800(1+12.5/100)³
A=10800(1.125)³
A=10800(1.4238)
A=Rs.15377.343
Step-by-step explanation:
- The total amount when Rs. 10,800 for 3 years at 12.5% per annum is compounded annually is Rs. 15377.343. This is the required answer.
HOPE IT HELPS YOU ITZADMIRER
The compound interest of the amount is RS 15,377.34
What is the compound interest of the amount deposited?
Compound interest is when the debt holder pays interest on the principal and the interest rate already accrued,
The formula for calculating compound interest is:
- FV = P (1 + r) nm
- FV = Future value
- P = Present value
- R = interest rate
- N = number of years
10.800 x (1.125)^3 = $15,377.34
To learn more about compound interest, please check: https://brainly.com/question/26367706
