Question

e) Find the compound interest. on Rs. 10,000 at 5% per annum for 3 years .

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Answer 1

Answer:

CI = A(1+R/100)^N

A = 10,000 , R = 5% , N = 3

= 10,000(105/100)³

= 11,576.25 RS

= 11,576.25 - 10,000 = 1,576.25 RS

Step-by-step explanation:

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