What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12 p.c.p.a.?
Question
Solution 1
To calculate the compound interest, we use the formula:
A = P (1 + r/n)^(nt)
Where: A = the amount of money accumulated after n years, including interest. P = principal amount (the initial amount of money) r = annual interest rate (in decimal) n = number of times that interest is compounded per ye Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI
Similar Questions
A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 p.c.p.a. in 5 years. What is the sum?Rs. 4462.50Rs. 8032.50Rs. 8900Rs. 8925
Kushi invested a sum of money at compound interest. In 4 years it amounted to Rs. 5400 and in 5 years to Rs. 5670. The interest rate per annum is
The rate of compound interest at which a sum of Rs. 8000 amounts to Rs. 8820 in 2 years, is:Question Description : 6%5%4%
Aman invested Rs 25,000 in a fixed deposit with a simple interest rate of 3.75%. How much interest will he earn after 4 years?Options3250395037504150
What will be the interest after 2 years on a sum of Rs 1440,at the rate of interest 813813% compounded annually?Rs 230Rs 275Rs 200Rs 250
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.