What will 15625 amount to in 3 years after its deposit in a bank which pays

To find: The amount after three years

Given: (i) Principal - 15625

(ii) Time $-3$ years

(iii) Rate $-8 \%$ per annum

Formula used: $A=P\left(1+\frac{r}{100}\right)^{t}$

$A=15625\left(1+\frac{8}{100}\right)^{3}$

$A=15625\left(\frac{108}{100}\right)^{3}$

A = 19683

Ans) 19683