a sum of rupees 9600 is invested for 3 hours at 10% per annum at compound interest what is the sum due to the end of the first year please explain
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Step-by-step explanation:
Given : P=Rs.9600
R=10%
T=1 year
A=P(1+ R/100)^T
A=9600(1+ 10/100)
A=Rs.9696
Amount due after first year=Rs.9696
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