Find the amount and compound interest at on rupees 2000 at 10 percent per annum for 3 years
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Given,
Principle = Rs 2000
Rate = 10% p.a
Time = 3 years
=> C.I = P(1+R/100)^n
=> C.I = 2000(1+10/100)^3
=> C.I = 2000(110/100)^3
=> C.I = 2000 x 110/100 x 110/100 x 110/100
=> C.I = Rs (2000 x 11/10 x 11/10 x 11/10)
=> C.I = Rs (2 x 11 x 11 x 11)
=> C.I = Rs 2662
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Principle = Rs 2000
Rate = 10% p.a
Time = 3 years
=> C.I = P(1+R/100)^n
=> C.I = 2000(1+10/100)^3
=> C.I = 2000(110/100)^3
=> C.I = 2000 x 110/100 x 110/100 x 110/100
=> C.I = Rs (2000 x 11/10 x 11/10 x 11/10)
=> C.I = Rs (2 x 11 x 11 x 11)
=> C.I = Rs 2662
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1
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