calculate the CI on 28000 at 12% per annually compounded annually for 3 years
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Answer:
CI=39337.984
Step-by-step explanation:
P=28000 T=3years
R=12%
A=28000(1+12/100)^3
A=28000(100+12/100)^3
A=28000(112/100)^3
A=28000×112/100×112/100×112/100
A=39337984000/1000000
A=39337.984
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