Find the compound interest at the rate of 10 per cent per annum for 3 years on the principal which in 3 years at the rate of 4 percent per annum gives Rs 1200 as simple interest.
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Answer:
let p = x
S. I. = (x * 3 * 4)/100
= 12x/100
1200 = 12x / 100
x = 10000
A= P (1+r/100)^n
= 13310
C.I = A - P
=13310 - 10000
= 3310
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