find the compound interest on ₹ 20,000 for 3 years at 10% annum.
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Step-by-step explanation:
The formula to find Interest: Principal * Rate * Time/100
Given, Principal: $20,000 , Rate: 10% p.a. , Time: 3 years
Therefore, Interest : 20,000 * 3 * 10/100
= 60,000 * 10/100
= 600,000/100
= $ 6,000.
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