find the amount and compound interest on a sum of 15625at 4 per annum for annum for 3 years compounded annually
Answers
Answered by
1
Amount = P(1+r/100)^t
=15625(1+4/100)^3
=15625(104/100)^3
=15625×1.124
=17576
So, amount is 17576
and compound interest is 17576-15625
=1951
Answered by
1
Hi mates...........
here is ur answer..........
⬇⬇⬇⬇⬇⬇⬇⬇
A= P ( 1+ r/100)^t
A= 15625 (1+ 4/100)^3
A= 15625 × 104/100 ×104/100 × 104/100
A= 26 × 26 × 26
A= Rs.17576
C.I= A - P
= 17576 - 15625
= Rs.1951
Thanks.............hope it helps you......
MARKS ME AS BRAINLIST.....
here is ur answer..........
⬇⬇⬇⬇⬇⬇⬇⬇
A= P ( 1+ r/100)^t
A= 15625 (1+ 4/100)^3
A= 15625 × 104/100 ×104/100 × 104/100
A= 26 × 26 × 26
A= Rs.17576
C.I= A - P
= 17576 - 15625
= Rs.1951
Thanks.............hope it helps you......
MARKS ME AS BRAINLIST.....
khushi5259:
Thanks
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