Question

compute the compound intrest on rupees 4000 for 3 years at 20 percent per annum

Answer 1

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As We Know,

Compound Interest = p(1+r/100)^t

so,

interest=4000(1+20/100)^3

----------=4000(120/100)^3

----------=4000×226/125

----------=6912

So Interest Will Be = ₹6912

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