a sum of rs.400 is lent for 3 years at the rate of 6% per annum find its compound interest
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Amount paid 476.40
Compound interest 76.40
Compound interest 76.40
bhavya15122004p345rc:
but how please tell me the stepa
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Amount=Principal(1+r/100)^n
A= 400(1+ 6/100)^3
A= 400 × 106/100× 106/100 × 106/100
A= Rs 476.4
C.I.= A- P
C.I.= Rs(476.4- 400)
C.I.= Rs 76.4
A= 400(1+ 6/100)^3
A= 400 × 106/100× 106/100 × 106/100
A= Rs 476.4
C.I.= A- P
C.I.= Rs(476.4- 400)
C.I.= Rs 76.4
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