4. Shashikant borrowed 8,000 from a Nationalised Bank at the rate of 15% per annum compoe
interest to buy a scooter. Calculate the amount that he pays to the bank after 3 years?
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Step-by-step explanation:
Amount = 8000 ×( 1+ 0.15)^3
= 8000 × (1.15)^3
= 8000 × 1.52
= 12,160 RS
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