calculator the amount by using the formula for compound interest principal =$3000 Rate =5per annum Time =2 year
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Answer:
P = 3000
R = 5 %
n = 2years
A = P(1+R/100)^n
A = 3000(1+5/100)^2
LCM = 100
A = 3000(100/100+5/100)^2
A = 3000(105/100)^2
A = 3000 × 105/100 × 105/100
A = 6615/2
A = ₹3307.5
CI = A - P
CI =3307.5 - 3000
CI = ₹307.5
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