Question

Calculate the compound interest on ₹15625 for 3 years at 4% per annum, compounded acually?

Answer 1

hey friends your answer is as follows:
given,
p=rs.15625
t=3yrs
r=4%p.a.
we know,
A=p(1+r/100)_t
A=15625(1+4/100)_3 (_ means to the power)ok.
A=(15625*104*104*104)/100*100*100
A=rs.17,576.
here your c.p.(compound interest)=A-p(amount-principal)
=17576-15625
=rs. 1951.
hope it helps you a lot.
thank you very much

Answer 2

Answer:

Step-by-step explanation:

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