An Individual subscribe rupees 3000 per month with 7% compound interest for 8 years. How much will he return after 8 years ?
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Answer:
₹4680
Step-by-step explanation:
Individual subscribe rupees per month = 3000
compound interest =7 %
for years = 8
he return after 8 years = SI=PRT/100
SI=3000×7×8/100=1680
SI=₹1680
Amount =₹3000+₹1680
=₹4680
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