₹6240 is invested for 3 years at 6% compound interest Find the amount and CI
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Answer:
CI= P(1 + R%)t
CI = 6240(1 + 6/100)³
CI= 6240(100 + 6/100)³
CI= 6240(106/100)³
CI= 6240 * 106/100 * 106/100*106/100
CI= 7431.93
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