Calculate the amount and compound interest on Rs.9600 for 3 years at 5 1/2 %( 5 and half%) p.a. compounded annually. *
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Answer:
Given : P=Rs.9600
R=10%
T=1 year
A=P(1+
100
R
)
T
A=9600(1+
100
10
)
A=Rs.9696
Amount due after first year=Rs.9696
Step-by-step explanation:
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