# Find the amount a

Present value = Rs.15625

Interest rate = 12% per annum

Time = 3 years

Amount (A) = P (1 + R/100)n [Where, P = Present value

R = Annual interest rate

n = Time in years]

A = 15625 (1 + 12/100)3

A = 15625 (112/100)3

A = 15625 (28/25)3

A = 15625 × 21952/15625

A = 21952

Amount = Rs.21952

Compound interest = Rs.(21952 – 15625)

= Rs.6327

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