Find the compound interest on ₹ 3000 at 8 % p.a for 2yrs ?
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Step-by-step explanation:
C.I. = 3000 []
⇒ C.I. = 3000 [ - 1]
⇒ C.I. = 3000 × [1.1664 - 1]
⇒ C.I. = 3000 × 0.1664
⇒ C.I. = Rs. 499.20
Thus, the compound interest obtained would be Rs. 499.20.
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