Kevin gets a grant of $10000 a year. Assuming his grant is increased by 7% every
year, what will be his grant be in 3 years?
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P= $10000
T= 3 YEARS
R= 7% P. A
TO FIND AMOUNT FIRST FIND SI
SI= PTR/100
= 10000 X 3 X 7/100
= $2100
AMOUNT = P X SI
= 10000 X 2100
= $21000000
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