a. Bhanu deposits 75000 at 9% per annum for 3 years with the interest compounded
annually. Determine the compound interest received at the end of 3rd year.
a
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Step-by-step explanation:
I am using short trick :)
for two year
9+9+9×9/100
= 18+81/100
18+8.1
26.1 %
now for third year
26.1+9+ 26.1×9/100
35.1 + 234.9 /100
= 35.1 + 2.349
37.449 ot 37.45 % approx of 75000
= 28087.5 Rs
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