Question

Compound interest for the second year on rupees 8000 invested for 3 years at 10% per annum also find the sum

Answer 1

amount=p(1+r/100)t

• =8000(1+10/100)3
• =8000×11/10×11/10×11/10
• 10648
• therefore sum =10648
• compound interest =10648-8000
• =2648
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Answer 2

Answer:

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