calculate the amount and compound interest on: 24500 for 3 years at 3% p. a.
please answer fast.
Answers
Answered by
0
Answer:
The answer is 26771.81
Step-by-step explanation:
24500 (1+ 0.03 ) 1.3
1
A= 24500 × 1.03³
A= 24500 × 1.092727
A= 26771.81
Answered by
0
Answer:
interest of 1st year is 3% of 24500= 735
interest of 2nd year is 3% of 25235= 757.05
interest of 3rd year is 3% of 25992.05= 779.76
amount = 24500+735+757.05+779.76= 26771.81
compound interest= 735+757.05+779.76=2271.81
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