find the amount if
principal=5000, R=8%, N=3
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Answer:
P= Rs.5000
R= 8 percent
T 3yrs
Therefore,
5000 (1+8/100(1+8/10Oy1+8/100)
=5000x108/100x108/100x108/100
=6298.56
So, Amount=Rs.6298.56
And Compound Interest=Rs.(6298.56-5000=Rs.1298.56
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