Find the interset on the 2048 for 3 years , interset compumdellley annually at the rate of 25/4.
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Step-by-step explanation:
⇒ A=P[1+
100
r
]
n
⇒ A=Rs.25,000×(
100
106
)
3
⇒ 25,000×
50
53
×
50
53
×
50
53
⇒ A=Rs.29,775.40
⇒ CI=A−P
⇒ Rs.29,775.40−Rs.25,000
∴ CompoundInterest=Rs.4775.40.
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