Question

. Find the amount and compound interest on
3525000 for 3 years at 4% p.a. compounded
annually.​

Answer 1

Answer:

amount- 4440484.80 & c.i- 915484.80

Step-by-step explanation:

P=3525000

r=4%

t=3 years

Then amount will be-

p(1+r/100)^n

= 3525000(1+4/100)^3

=4440484.80

Then compound interst will be-

4440484.80-3525000=915484.80

Answer 2

s.i-3525000

r-4%

3-years

p-s.i_r*t

p-3525000*100 upon

3*4

117500 upon 4

=24375