Find compound interest on 15,625 at 4% for 3 years. Help! With steps

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Andy Librian asked May 20, 2023

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Find compound interest on 15,625 at 4% for 3 years.
Help! With steps

Mathematics
high-school

Andy Librian asked May 20, 2023

by Andy Librian

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1 Answer

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Answer:

P=15,625

Rate=4%

Time=3 years

CI=P(1+R/100)^T

=15,625(1+4/100)^3

=15,625*1.124864

=17576 Ans

Explanation:

hope it helps

Rykamol answered May 26, 2023

by Rykamol

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