find the amount and the compound interest on ₹15625 for 3 years at 12% per annum compounded annually
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CA = P(1+R/100)^n
= 15625 (1+12/100)^3
= 15625 (1+3/25)^3
= 15625 (28/25)^3
= 15625 ×28/25×28/25×28/25
= 15625×21952/15625
= 21952
compound amount = 21952
compound interest = 21952 - 15625
= 6327 ☺☺☺
= 15625 (1+12/100)^3
= 15625 (1+3/25)^3
= 15625 (28/25)^3
= 15625 ×28/25×28/25×28/25
= 15625×21952/15625
= 21952
compound amount = 21952
compound interest = 21952 - 15625
= 6327 ☺☺☺
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