find the amount and compound interest on a sum of ₹15625 at 4% per annum for 3 years compounded anually.
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Hey mate here is your answer.//
Step-by-step explanation:
Lets see your answer !!!!
Given that,
P = ₹15,625,
R = 4 % p.a,
T = 3 years,
Solution,
A = P(1 + R/100)^n,
= 15,625(1 + 4/100)^3,
= 15,625(100 + 4/100)^3,
= 15,625(104/100)^3,
= 15,625(26/25)^3,
= 15,625 × 17,576/15,625,
= ₹17,576,
C.I. = A - P,
= ₹(17,576 - 15,625),
= ₹1,951.
Hope it helps you,//
Please do mark me as Brainliest.//
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