find the amount that mr prakash receive if he deposits $ 8000 for 3 years at 10% per annum compound annually also find the compound interest .
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Answer:
amount = $10648;CI = $2648
Step-by-step explanation:
A = P( 1 + R/100)^t
A=8000(1+10/100)^3
=8000(11/10)^3
=8000×11/10×11/10×11/10
=8×11×11×11
=10648
THEREFORE AMOUNT = $10648
COMPOUND INTREST= A-P
=10648-8000
=2648
THEREFORE CI =$2648
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