4. The annual rate of compound interest at which 8000 will become ? 10648 after 3 years is
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After 3 years rupees 8000 will amount to 9261.
Step-by-step explanation:
Amount = 9261
Rate of interest = 5%
Principal = 8000
Formula for amount:
Where, P is principal, r is rate of interest and t is time in years.
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