find the compound interest on rupees 25000for 3 years at 6% per annum
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Multiply the product by the time or term of the loan. For example, assume the principal is $100,000, the interest rate is 11 percent and the term is 2 years. The simple interest formula is I = P x R x T. Compute compound interest using the following formula: A = P(1
+ r/n) ^ nt.
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