Answer :

Principal = 12500/-, Rate = 12% (p.c.p.a), Duration (n) = 3 years

^{3}

A = 12500 (1+ 0.12)^{3}

A = 12500 (1.12)^{3}

A = 12500 (1.404928)

A = 17561.60/-

Sameerao has to pay an amount of 17561.60/- .

Rate this question :

How useful is this solution?

We strive to provide quality solutions. Please rate us to serve you better.

Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Expertsview all courses

Dedicated counsellor for each student

24X7 Doubt Resolution

Daily Report Card

Detailed Performance Evaluation

RELATED QUESTIONS :

In how many yearsMHB - Mathematics (New)

To start a busineMHB - Mathematics (New)

On the constructiMHB - Mathematics (New)

A shepherd has 20MHB - Mathematics (New)

Find the differenMHB - Mathematics (New)

The cost price ofMHB - Mathematics (New)

In a forest thereMHB - Mathematics (New)

A loan of ₹ 15000MHB - Mathematics (New)

Find the compoundMHB - Mathematics (New)

The population ofMHB - Mathematics (New)