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find the amount and the compound interest on Rs. 15623 for 3 years at 12% per annum compounded annually explain by full steps​

By Katherine

find the amount and the compound interest on Rs. 15623 for 3 years at 12% per annum compounded annually explain by full steps​

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Katherine

find the first degree polynomial p(x) with p(0)=1 and p(1)=2​

write the first term an common difference
of given A.p 10, 11.5,13,14.5.​

1 thought on “find the amount and the compound interest on Rs. 15623 for 3 years at 12% per annum compounded annually explain by full steps​”

  1. Step-by-step explanation:

    GivendataPrincipleAmount(P)=15,625

    Rateofinterest(r)=12%annually

    Time(n)=3year

    nowformulateofcompoundinterest (C.I)=P[(1+

    100

    r

    )

    n

    −1]

    =15,625[(1+

    100

    12

    )

    3

    −1]

    =15,625[

    100

    112

    ×

    100

    112

    ×

    100

    112

    −1]

    =15,625[1.4049−1]

    =15,625×0.404928

    =6,327

    nowcompoundinterestwillbe=6,327Rs.

    &totalamountwillbe=15625+6327=21,952Rs.

    Hope this will help you

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