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