a sum of 3500,rate 7%,years 4 find compound
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P=3500. , R=7% , Time=4 years
=3500 (1+7/100)^4
=3500(107/100)^4
=3500 ✖ 107/100 ✖ 107/100 ✖ 107/100 ✖ 107/100
=8575301/2000= 4287.6505
compound interest=A-P
=4287.6505 -3500
=787.6505
Hope it helps!
=3500 (1+7/100)^4
=3500(107/100)^4
=3500 ✖ 107/100 ✖ 107/100 ✖ 107/100 ✖ 107/100
=8575301/2000= 4287.6505
compound interest=A-P
=4287.6505 -3500
=787.6505
Hope it helps!
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