A sum of ₹ 16,000 is invested at 10% per annum compound interest for 3 years .Calculate
the amount at the end of the third year. (use formula)—> = (1 + % )n
Please answer correctly it's urgent
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Answered by
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The ans would be 21,296
Step-by-step explanation:
A=p(1+r/100)^3
A=16000(1+10/100)^3
=16000(11/10)^3
=16000×11/10×11/10×11/10
=16×11×11×11
=21,296
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