find the compound interest on re5000 at 6 percent p.a for 3 yrs
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✔✔ Answer ✔✔
Compound interest ➡ P[(1 + r/100)^n - 1]
✒. 5000[(1 + 6/100)^3 - 1 ]
✒ 5000[(106/100)^3 - 1]
✒ 5000[1191016/1000000 - 1]
✒ 5000[191016/1000000]
✒ ₹955.08
Compound interest ➡ P[(1 + r/100)^n - 1]
✒. 5000[(1 + 6/100)^3 - 1 ]
✒ 5000[(106/100)^3 - 1]
✒ 5000[1191016/1000000 - 1]
✒ 5000[191016/1000000]
✒ ₹955.08
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Answer:do it like this example
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