Question

rehana borrowed a sum of RS 10,400 to open a bookshop, at the rate of 4.5% per annum for 3 years. find the compound interest paid by her after 3 years.​

Answer 1

Answer:

the interest is equal to

CI = p[(1+I) rais to n -1]

=10400[(1+0.045) rais to 3-1]

=1468.1277 RS.