Question

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

Answer 1

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