find compounded amount when.principle=5000, time=3 years, rate=12% p.a.
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Step-by-step explanation:
a=p(1+r/100)^n
a=5000(1+12/100)^3
a=5000*28/25*28/25*28/25
a=7024.64
ci=a-p
ci=7024-5000
ci=2024
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