calculate the amount for rupees 4800 after 3 years when interest is compound annually at the rate 20% p. a.
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Answered by
17
Given:
principal P = rupees 4800
time T = 3 yrs
rate R = 20%p.a.
To find:
Amount A = ?
Solution:
A= P(1+R/100)^T
= 4800(1+ 20/100)³
= 4800 (120/100)³
= 4800(6/5)³
= 4800 x 6 x 6 x 6
_______
5 x 5 x 5
= 192 x 216
___
5
= 41472
____
5
= rupees 8294.40
MEOW! Hope it helps.
Answered by
3
Answer:
hope! its help you
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