Question

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

Answer 1

P=15,625
R=4% p.a
T=3
A=P(1+R/100)^N
A=15625(1+4/100)^3
A=15625×104/100×104/100×104/100
A=17,576
Compound interest=17,576-15625
=1,951

ANSWER=17576,1951

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Answer 2

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