1. Find the amount and compound interest on a sum of RS 15625 at 4 % per annum for 3 years compounded annually
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1
Answer:
P=15625 Rs
R=4%
t=3 years
CP=P(1+
100
R
)
t
=15625(1+
100
4
)
3
=15625×(
100
104
)
3
=17576 Rs
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