Question

Find the compound interest on Rs 25000 for 3 years at 4 % p.a. compounded annually.​

Answer 1

Answer:

3121.6

Step-by-step explanation:

CI = P ( 1 + R/100)^n-1

25000(1+4/100)^3

25000(104/100)^3

25000(26/25)^3

25000 * 26 * 26*26/25*25*25

A=28121.6

CI = A-P

=28121.6-25000

=3121.6