Monika borrowed 4096 rupees from salary for 3 years at 25 by 4% per annum find the amount and the compound interest paid by her to salary after 3 years the interest is compounded annually
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Principal=4096rs
time=3 yrs
rate of interest =25by4%
Amount=P(1+r÷100)to the power t
=4096×425/100×425/100×425/100
amount=4913rs
Ci= 897rs
time=3 yrs
rate of interest =25by4%
Amount=P(1+r÷100)to the power t
=4096×425/100×425/100×425/100
amount=4913rs
Ci= 897rs
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