1. Find the amount and the compound interest, if the interest is compounded annually.
a. ₹ 3000 at 9% per annum for 3 years
Answers
Answered by
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Answer:
₹885.09
Step-by-step explanation:
Amount= P(1+r/100)^n
=3000(1+9/100) ^3
=3000×109/100×109/100×109/100
=₹3885.09
C.I.=3885.09-3000=₹885.09 ans
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