find the compound interest of ₹800 for 4 days at 10% rate.
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It is given that
Principal (P) = 8000
Rate of interest (r)= 10% p.a.
Period (n) = 4 years
We know that
Amount = P(1+r/100)n
Substituting the values
=8000(1+10/100)^4
= 8000×11/10×11/10×11/10×11/10
= 11712.80
Here
CI = A - P
Substituting the values
= 11712.80−8000
= 3712.80
hope it helps you
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