Here is the question A sum of 25000 is compounded annually at 6.5 percent per annum for 3 years.Calculate the amount received after 3 years?
When I solved it using this formula C.A :-Final Amount P:-Principle amount R:- Rate T:- Period
While When I used the differential equation
So:-Initial Amount S:- Final Amount R:- Rate T:- Time Period
S=So * e^(RT)*
Why are the two answers different shouldn't they should be equal?? Thank you.