Find the compound interest on 24,000 at 15% per
annum for 7/3 years compounded annually,
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Answer:
Amount = 24000 × (1 + 15/100)² × [1 + (1/3 × 15)/100]
Amount = Rs 33327
Compound Interest = 33327 - 24000 = Rs 9327
Answer: Compound Interest = Rs 9327
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