Answer : To find: The amount after three years Given: (i) Principal – 15625
- Time – 3 years
- Rate – 8% per annum
Formula used:
A = 19683
Ans) 19683
What will 15625 amount to in 3 years after its deposit in a bank which pays annual interest at the rate of 8% per annum, compounded annually?
What will 15625 amount to in 3 years after its deposit in a bank which pays annual interest at the rate of 8% per annum, compounded annually?