Calculate the compound intrest for the second year on8000 invest for 3yrs at 10% per annum . plzz do it I will follow u
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Answer:
Principal 8000
Time 3years
Rate of interest 10%
Compound interest=8000[(1+10/100)whole cube-1]
=8000×11/10×11/10×11/10-1
=8000×1331/1000-1
=8000×331/1000
=8×331
=2648
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