calculate the amount and the compound interest on 17000 in 3 years when the rate of interest for successive years is 10%
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amount = p(1+r/100)^t
= 17000( 1+ 10/100)^3
=17000 (11/10)^3
=17000× 11/10× 11/10× 11/10
Amount =22627
compound interest = amount - principal
CI = 22627-17000
CI= 5627
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