r = \(6\frac 14 \) % per annual
= \(\frac{25}4\) % per annual
P = Rs 4913
T = 3 years
Value after compound interest = A = \(P\left(1 + \frac r{100}\right)^T\)
\(= 4913 \left(1+\frac{25}{400}\right)^3\)
\(= 4913 \left(1 + \frac 1{16}\right)^3\)
\(= 4913 \times \frac{17}{16} \times \frac{17}{16} \times \frac{17}{16}\)
\(= 5892.96\)
\(\approx 5893\)
