What will be the compound interest p=25000 r = 12% p. a for 5 years

Question

Mathematics

Julian Jennings

6 May, 16:02

What will be the compound interest p=25000 r = 12% p. a for 5 years

+2

Answers (2)

Know the Answer?

Evangeline · Answer 1

Step-by-step explanation:

I = PRT : 100

P is principal

R is rate (%)

T is time (years)

I = (25000 * 12 * 5) : 100

= 15000

Adelyn · Answer 2

Answer:19057.5

Step-by-step explanation:

Compound interest=p (1+r/100) ^n-p

Compound interest=25000 (1+12/100) ^5-25000

Compound interest=25000 (1.12) ^5-25000

Compound interest=25000*1.7623-25000

Compound interest=44057.5-25000

Compound interest=19057.5