Question

find the amount and compound intrest on asum of 15625at4%per annum for 3 year compounded annually.

Answer 1

Hi.

Here is your answer---

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Given---

Principal(P) = Rs.15625.
Rate(R%) = 4%
Time(T) = 3 year.

Using the Formula,

   C.I. = (P × R × T) ÷ 100
         = (15625 × 4 × 3) ÷ 100
         = Rs. 1875.

Amount = P + C.I.
             = 15625 + 1875
             = Rs. 17500

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Hope it helps.

Have a nice day.