Find the compound interest if the interest is compounded annually on sum of 65000 for 2.5year at 3%per annum
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2
Answer:
4875
Step-by-step explanation:
p=65000
t=2.5y
r=3%
i =p×t×r÷100
=65000×2.5×3÷100
=65000×7.5÷100
=487500÷100
=4875
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