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As per the question, Amount = 62500× (1+4/100)4. =62500× (1+ 1/25)4. =62500× (26/25)4. =62500 × 676/625× (676/625) =676 x 100×676/625 =45697600/625 = Rs. 73116.16 The interest will be 73116.16-62500 = Rs 10616.16
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______________ has launched a call for startup applications for registration on the MAARG portal, the National Mentorship Platform by Startup India.
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