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