Find the amount when ₹1,60,000 is invested at 4.5 percentage p.a. for three years compounded annually
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Answer:
2,320,000
Step-by-step explanation:
A = P (1 + rt)
A = 160000 (1+ 4.5 x 3)
A = 160000 (14.5)
A = 2320000
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