19. Dhaniram took Rs 2000 loan from district cooperative bank at interest rate of 4% per annum. How much compound
interest will Dhaniram pay after 3 years?
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Answered by
0
hmm...................
Step-by-step explanation:
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Answered by
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Answer:
Principal = 2000
Rate of interest = 4%
Time = 3 years
Amount = P (1+r)power 3
= 2000 (1+0.04)power 3
= 2000× (1+0.04)×(1+0.04)×(1+0.04)
= 2249.728
Compound interest = Amount - principal
= 2249.728 - 2000
= 249.728
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