anubhav got a loan of 64000 at rate of 12.5% pa. Find the compound interest he will have to pay after 3 yrs.
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P=64000
Rate=12.5%=25/2%
Time=3 years
::Compounded annually
A=p(1+r/100)^t
A=64000(1+25/2//100)^3
.....
CI =A-P
Rate=12.5%=25/2%
Time=3 years
::Compounded annually
A=p(1+r/100)^t
A=64000(1+25/2//100)^3
.....
CI =A-P
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