Solve the fifth sum and send the solution. Thanks!
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Answer:
4577.34
Given,
P = 10800, T = 3 years, R = 12 (1/2) = 25/2%.
Find,
Compound Interest = ?
Solution,
A = P(1 + r/100)^n
=> A = 10800(1 + 25/200)^3
=> A = 10800(1 + 1/8)^3
=> A = 10800(9/8)^3
=> A = 15377.34
Compound Interest = A - P
=> 15377.34 - 10800
=> 4577.34
#Hope my answer will help you
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