find the compound interest if principal is 5,000 duration is 3 year and rate of interest is 10%
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Step-by-step explanation:
P=5000
R=10%
T=3yrs
A=P(1+R/100)3
A=5000(1+10/100)3
A=5000(100+10/100)3
A=5000x110/100x110/100x110/100
A=6655
CI=A-P
CI=6655-5000
CI=1655
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