a man inevst Rs.46975instate bank of india at 4%p.a. compound interstfor 3 years calculate interest
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Step-by-step explanation:
p=principal=46975
r=rate of intrest=4℅
n=period=3 years.
compound intrest method
A=p(1+R÷100)^N
=46975(4÷100)^3
=46975(0.04)^3
=46975×0.0064
=300.64
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