Answer:
Step-by-step explanation:
I= PRT ÷ 100
P is principal
R is rate (%)
T is time (years)
I = (25000 × 12 × 5) ÷ 100
= 15000
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
