4. Compute the compound interest for the third year
on 5000 invested for 5 years at 10% per annum,
the interest being payable annually.
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Step-by-step explanation:
Principal = R.s 5000
Time = 3years
Rate pe annum = 10%
Amount = p(1+r/100)^n
= 5000(1+10/100)^3
= 5000 × (110/100)^3 = R.s 6655
Compound interest = Amount-principal
= (6655 - 5000) = R.s 1655
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