Find the amount when Rs. 10,800 for 3 years at 12.5% per annum compounded annually.

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Rs . 15377.343

Rs . 15677.343

Rs . 15777.343

Rs . 15387.343

answer is A.

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Detailed Solution

Given,
Principle amount (P) = Rs. 10,800
Time (t) = 3 years
Rate (r) = 12.5%
We have found the end of three years amount
Put the value in the formula of compound interest
P = 10800, r = 12.5 and t = 3,

A = 10800 {(1 + \frac{12.5}{100})}^{3}

A = 10800 (1.125)^{3}

A = 10800 (1.4238)

A = Rs . 15377.343

Hence, the end of three years amount =

Rs . 15377.343

Correct option is 1.

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