what sum of money wiil amount to Rs44994.56 at 4% p.a. compunded annually in 3year .....
Answers
Answered by
3
Answer:compounded annually =
Amount (1+R/100) whole power n.
Step-by-step explanation:
Principle= Rs: 44994.56
Rate of interest =4./.
No of years=3
Amount =44994.56(1+4/100)wholepower 3
44994.56(26/25)wholepower 3
44994.56*26/25*26/25*26/25
2.87965184*26*26*26
Amount =50,612.76074.
Compound interest =amount -principle
C.I=50,612.76074-44994.56
C.I=5,618.20074
Similar questions