principal is equal to 25000 rate of interest is equal to 4% time is equal to 3 years find the amount compounded annually
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Answer:28,121.6
Step-by-step explanation:A=P(1+R/100)^n
A=25000(1+4/100)^3
A=25000(1+1/25)^3
A=25000(26/25)^3
A=25000*17576/15625
A=28,121.6
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