Find the amount of Rs.8,000 for 3 years, compounded annually at 5% per annum.
Also find the compound interest.
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Answered by
1
Answer:
1261
Step-by-step explanation:
Total C.I. = Interest for the first year + Interest for the second year + Interest for third year = Rs. (400 + 420 + 441) = Rs. 1261.
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8
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