compound interest 7800 5% 3years
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Amount = p( 1+ r/100 )^t
= 7800 (1 + 5/100)^3
= 7800 (1 + 1/20)^3
= 7800 (21/20)^3
= 7800 × 21/20 × 21/20 ×21/20
= 9029.475
Compound Interest = Amount - principal
= 9029. 475 -7800
= 1229.475.
= 7800 (1 + 5/100)^3
= 7800 (1 + 1/20)^3
= 7800 (21/20)^3
= 7800 × 21/20 × 21/20 ×21/20
= 9029.475
Compound Interest = Amount - principal
= 9029. 475 -7800
= 1229.475.
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