Question

Find the amount and the compound interest of rupee15625 at 4% per annum for 3years compounded annually

Answer 1

Step-by-step explanation:

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Answer 2

Answer:

Amount = Rs 17576, C.I = Rs 1951

Step-by-step explanation:

Given,

$\sf \: Principal = Rs \: 15625$

$\sf \: Rate = 4 \%$

$\sf \: Time = 3 \: years$

$\textbf{\underline{\underline{To\:Find\:Amount :}}}$

$\sf \: Amount = P(1 + \dfrac{r}{100} ) ^{n}$

$\sf \: Amount = 15625(1 + \cancel\dfrac{4}{100} ) ^{3}$

$\sf \: Amount = 15625(1 + \dfrac{1}{25} ) ^{3}$

$\sf \: Amount = 15625( \dfrac{25 + 1}{25} ) ^{3}$

$\sf \: Amount = 15625 \times \dfrac{26}{25} \times \dfrac{26}{25} \times \dfrac{26}{25}$

$\boxed{\boxed{Amount\:=Rs\:17576}}$

$\textbf{\underline{\underline{To\:Find\:Compound\:Interest :}}}$

C.I = Amount - Principal

C.I = Rs 17576 - Rs 15625

$\boxed{\boxed{C.I = Rs\:1951}}$