Question

calculate the compound interest on rupees 15625 for 3 years at 4% per annum , compounded annually​

Answer 1

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