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What will be the simple interest on Rs 12000 at 10% pa for 3years?Now Compound interest = A - P ⇒ Compound interest = Rs. 15972 - Rs. 12000 = Rs. 3972.
What is the compound interest on 12000 rs at the rate of 10% for 2 years?Hence, the compound interest is Rs. 2,520.
What is the compound interest on Rs 12 000 for 10 years at the rate of 12% per annum compounded annually?37350. <br> Hence, Compound interest = Rs. (37350 - 12000) = Rs. 25350.
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