Answer:
principal=4200
rate=6.25
time= 3years
amount=?
amount= principal×(1+rate/100)^time
=4200×(1+6.25/100)^3
=4200×(106.25/100)^3
=5037.7(app.)
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rate=6.25
time= 3years
amount=?
amount= principal×(1+rate/100)^time
=4200×(1+6.25/100)^3
=4200×(106.25/100)^3
=5037.7(approx by calculator)
Answer:
principal=4200
rate=6.25
time= 3years
amount=?
amount= principal×(1+rate/100)^time
=4200×(1+6.25/100)^3
=4200×(106.25/100)^3
=5037.7(app.)