Question

I need the solution for this in detail.Whoever will give the perfect solution will be marked as brainliest.

Answer 1

here is your answer
and if it is right and you are satisfied so please mark me as brainliest

Answer 2

Method - 1:

Given Principal = 4096, time n = 3 years, R = 6 1/4% = 25/4.

We know that A = P(1 + r/100)^n

⇒ 4096(1 + 25/400)^3

⇒ 4096(1 + 1/16)^3

⇒ 4096(17/16)^3

⇒ 4096(4913/4096)

⇒ 4913.

We know that CI = A - P

⇒ 4913 - 4096

⇒ 817.

Therefore, amount = 4913 and Compound interest = 817.

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Method - 2:

Given principal for the first year = 4096.

Interest for the first year = 4096 * (25/400) = 256.

So, the amount at the end of first year = 4096 + 256 = 4352.

Given principal for the second year = 4352.

Interest for the second year = 4352 * (25/400) = 272.

So, the amount at the end of second year = 4352 + 272 = 4624.

Given Principal for the third year = 4624.

Interest for the third year = 4624 + (25/400) = 289

Amount at the end of third year = 4624 + 289 = 4913

So,

Compound interest = 4913 - 4096 = 817.

Therefore, amount = 4913 and Compound interest = 817.

Hope this helps!