Question

calculate the compound interest on Rs 7646 at 3% in 4 years​

Answer 1

Answer:

959.64

Step-by-step explanation:

principle= 7646

rate= 3%

time = 4 years

$amount = p {(1 + r\%)}^{t} \\ \\ = 7646 {(1 + \frac{3}{100} )}^{4} \\ \\ \frac{7646 \times 103 \times 103 \times 103 \times 103}{100 \times 100 \times 100 \times 100} \\ \\ 8605.64 \\ \\ compound \: interest = amount - principle \\ = 8605.64 - 7646 \\ = 959.64$

Answer 2

Answer:

Step-by-step explanation: