Find the compound interest and amount on p=10000 r=16% n=3years. Answer is 15608.96
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Step-by-step explanation:
A=p(1+r/100)^n
A= 10000(1+16/100)^3
A= 10000*116/100*116/100*116/100
A=15608.96
Ci =15608.96-10000
Ci = 5608.96
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