SOLUTION: find the compound interest for 96000 for 3 years at 10% per annual

Question 1160175: find the compound interest for 96000 for 3 years at 10% per annual
Found 2 solutions by mananth, ikleyn:
Answer by mananth(16949) (Show Source): You can put this solution on YOUR website!

Find Amount
Principal P = 96000
Amount= A
years=n 3.00
compounded 1 times a year t
Rate = 10.00 0.1
Amount = P*((n+r)/n)^n*t

Amount = = 96000 *( 1 + 0.1 )^ 1 * 3.00
Amount = 96000 *( 1 + 0.1 )^ 3
96000 *( 1.1 )^ 3.00
Amount = 127776.00

Interest = 127776 - 96000 = $31,776

Answer by ikleyn(53765) (Show Source): You can put this solution on YOUR website!
.

I came to edit your post

find the compound interest for 96000 for 3 years at 10% per annum.

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