Calculate Compound Interest for the second tear on ₹6000 invested in 3 years when the rate of interest is 10% . ALSO FIND THE SUM DUE AT THE END OF 3rd Year
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Answer:
CI for 2 yrs=6ooox (110/100)^2-6000 = 7260-6ooo
= Rs.1260 Ans
sumdue after 3 yrs=7260x110/l00
= Rs7986. Ans
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