1.

find the compound intrest and amount by formulaprinciple = 2500, time =3 years, rate =6%

Answer»

For compound interesrtA = P(1+R/100)^nP= 2500, R = 6%, n = 3, A =?

A = 2500(1 + 6/100)^3 = 2500(53/50)^3 = 2500*1.19 = 2977.44



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