Class 8
Chapter:- Compound Interest
The compound interest on Rs. 3000 for 3 years at 5% per annum compounded annually is
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1
Answer:
answer
Step-by-step explanation:
First calculate the interest of the 1st year
then add it to the principal
then find the interest of the 2nd year and so on
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7
Answer:
3000 will become Rs. 3993 in 3 years (compound interest). A=P(1+r100)n Where A=Rs. 3993, P=Rs.
Step-by-step explanation:
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