Principle=10752, Rate%=12.5%, Time=3years then what is the compound interest

Dear Student

Given

Principle (P) = 10752 /-

Rate of Interest ( R) = 12.5 %

Time (n) = 3 Years

We know that

Amount (A) = P 1 +R100n

=>A = 10752 1 +12.51003=>A = 10752 112.51003=>A = 10752 × 112.5100 ×112.5100 × 112.5100=>A = 10752 × 11251000 × 11251000 × 11251000=> A = 10752 × 4540 × 4540 ×4540=> A = 10752 ×98 × 98 ×98 => A = 10752 × 729512=> A =21 × 729=> A = 15309 Therefore, Compound Interest = Amount - Principle                                                                  = 15309 -10752                                              = 4557Regards

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