Asked by Mary

Find the compound interest on N650.00 in 3 years at 4% per annum
Answered by oobleck
as usual, that would be
P((1+r)^t - 1)
Answered by JAC OB254
A=P(1+r/100)^n
=650(1+4/100)^3
=731.16
I=A-P
=731.16-650
=81.16
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