she borrowed rupees 25000 at 15% simple interest for 3 years and he lent it to his friend for 3 years at 16% per annum compound interest .find his profit
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nancy1973:
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what is formula of 25000×(116÷100)×(116÷100)×116÷100 plz explain it and with formula and steps wise
P (1+R/100)^T
r is not 116
r is 16%
see 1/1 +16/100 = 116/100
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