in a forest there are 4000 trees fund the excepted number of trees after 3 years if the objective had to increase at the number of rate 5% per year
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Hello,
Principal amount = 40,000
Time = 3 years
Rate = 5%
CI = 40,000( 1+5/100)^3
= 40,000(21/20)^3
40,000*9261/8000
= 5* 9261
= 46,305
So the number of trees at the end of three years would be 46,305
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