Compound interest on rupees 2000 at 5% per annum for 3 years compounded yearly
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Compound Interest=Principal(1+ Rate/100)^time-Principal =2000(1+5/100)^3-2000=2000(1.05)^3-2000= 2000(1.05^3-1) =2000(1.05-1)((1.05)^2+1.05+1)=
2000(0.05)(1.1025+2.05)=100(3.1525)=₹315.25.
2000(0.05)(1.1025+2.05)=100(3.1525)=₹315.25.
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hyyyy mate....
thanks for the question ....
ur ans is here in the attachment ....
hope it helps u..
thanks for the question ....
ur ans is here in the attachment ....
hope it helps u..
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