Question

Find the compound interest of 650niara in 3years at 4% per annum

Answer 1

interest = 650( 1.04^3 - 1) = ......

Answer 2

A=P(1+r/100)^n
A=650(1+4/100)^3
A=650(1.04)^3
A=731.1616
I=A-P
=731.1616-650
=81.16 niara