Find the amount and the compound interest on a sum of rs 15625 at 4%per annum for 3 years compounded annually
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Answer:
17576 rupees
Step-by-step explanation:
first year.
interest=625
amount=16250
second year.
interest=650
amount=16900
third year.
interest=676
amount=17576
therefore the total amount is 17576 rupees
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