Kelley Donnelly
01/19/2024 · Elementary School
Calculate the compound interest and the total amount for a sum of \( ₹ 1,20,000 \) borrowed for 3 years at a rate of \( \frac{9}{2} \% \) p.a. compounded annually.
UpStudy ThothAI Solution
Tutor-Verified Answer
Quick Answer
The total amount after 3 years will be ₹136,939.94, and the compound interest earned will be ₹16,939.94.
Step-by-step Solution
Answered by UpStudy AI and reviewed by a Professional Tutor
UpStudy ThothAI
Self-Developed and Ever-Improving
Thoth AI product is constantly being upgraded and optimized.
Covers All Major Subjects
Capable of handling homework in math, chemistry, biology, physics, and more.
Instant and Accurate
Provides immediate and precise solutions and guidance.
Try Now
Ask Tutors
Ask AI
10x
Fastest way to Get Answers & Solutions
By text
Enter your question here…
By image
Re-Upload
Submit