find the amount and compound interest on a sum of rs 15625 at 4% / annum for 3 years compounded annually.
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Principle-15625₹
Rate-4%
Time-3years
Therefore you use the amount formula which is a=p(1+R/100) (3will be over the bracket btw:) as it is the time)
Once you find the amount..
Compound interest=amount - principle
Then u will FINALLY GET YOUR ANSWER:)
Rate-4%
Time-3years
Therefore you use the amount formula which is a=p(1+R/100) (3will be over the bracket btw:) as it is the time)
Once you find the amount..
Compound interest=amount - principle
Then u will FINALLY GET YOUR ANSWER:)
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