Answers

2014-11-04T18:11:54+05:30
Find Principal amount:

P x 0.04 x 4 = 1600

P = 1600/0.16 = 10000

Find Compound Interest:

A = P x (1 + 0.10) ^ 4 = 14641

Compound Interest = 14641 - 10000 = 4641
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