1: 25000 deposited for 5 years at 4% per annum
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Answer:
A=P[1+100r]n
⇒ A=Rs.25,000×(100106)3
⇒ 25,000×5053×5053×5053
⇒ A=Rs.29,775.40
⇒ CI=A−P
⇒ Rs.29,775.40−Rs.25,000
∴ CompoundInterest=Rs.4775.40
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