calculate the compound interest on rupees 15625 for 3 years at 4% per annum , compounded annually
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Answer:
Rs 1951
Step-by-step explanation:
P ((1+r/100)^n-1)
15625 ((1+4/100)^3-1)
15625 ((26/25)^3-1)
15625 (17576/15625-1)
15625 (17576-15625/15625)
15625×1951/15625
1951
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