Question

Find the amount and compound interest on a sum ₹15625 at 4% per annum for 3 years compound annually

Answer 1

Hey there! ☺☻☺

♣ Interest and Compound Interest ♣

Given,
Principal (P)= Rs. 15625
Rate (r) = 4%
Time(n) = 3 years

We know,
Amount = P(1+r/100)^n
              = 15625(1+4/100)^3
              = 15625 * 26/25 * 26/25 *26/25
              = 26*26*26
              = 17576 Rs.
Now,
C.I = A - P
     = 17576 - 15625
     =  Rs. 1951

Hope It Helps You!

Answer 2

Answer:

Step-by-step explanation:

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