wlorna211 wlorna211

18-01-2021
Mathematics

contestada

Calculate the Compound interest on र 12000 for 3 years at 5% per annum.
please show work as well if can

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DragonLTXH DragonLTXH

18-01-2021

Working: This would just be 12,000 which is the starting value. Then since the interest is 5 which would then just be 1.05. Knowing that the number of years is 3 it would then just be 1.05^3. Then this would give us 12000 x 1.05^3

Answer:13891.50

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