calculate the compound interest on rupees 15625 for 3 years at 4% per annum compounded annually
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Answered by
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Step-by-step explanation:
Principal- 15625
Rate of interest -4%
Time -3 years
Amount = P[1+4/100]"
A= 15625×104/100×104/100×104/100
A = 17576
CI = 17576-15625
Compound interest= 1951
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