find out compound interest after 3 years on rs. 8,000 at an annual rate of interest of 5½%.
please Help anyone
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Step-by-step explanation:
interest=principle x time x rate/100
3x8000x5.5/100
we will add one more 0 in 100 to remove point from 5.5 , it will become 55
3x8000x55/1000
= 1320
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