Math, asked by kkerry197, 8 days ago

The simple interest on a sum of money for 3 years at 21% p.a. is 8,750.Find the compound interest on the same sum at the same rate for same period


It's very important for me please someone solve it because I can't

Answers

Answered by dcvikas2007
1
Solution
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SI=
100
P×R×T


8750=
100

3
20

×3


8750=
100
20P


P=43750
Compound Interest
A=P(1+
100
r

)
t

=43750(1+
100
3
20



)
3

=43750(1+
3
20

×
100
1

)
3

=43750(1+
15
1

)
3

=43750(
15
16

)
3

=43750×
15×15×15
16×16×16


=
3×3×3
16×16×16×350


=
27
4096×350


=
27
1433600


=53096.296
=53096
Compound Interest = A - P
=53096−43750
=9346 Answer.
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