Question

find the amount and compound interest on a sum of 15625 rupees at 4%per annum for 3 years compounded annually ​

Answer 1

Answer:

Compound Interest=₹17576

Amount=₹33201

Step-by-step explanation:

Compound Interest= Principle(1+Rate%/100)^Time period

                                =15625(1+4/100)^3 (reduce the fraction to lowest form and add 1)

                                =15625(26/25)^3

                                =15625×17576/15625(cube 26/25)

                                =₹17576   (15625 cancels out)

Amount=Principle + Compound Interest

             =₹15625+17576

             =₹33201