Question

Find the compound interest on rs 2000 for 3 years at the rate of 4% per annum

Answer 1

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Answer 2

Answer:

Step-by-step explanation:

A=P(1+R/100)^n

=2000(1+4/100)³

=2000(1+1/25)³

=2000×26/25×26/25×26/25

=16×26/1×26/5×26/25

=281,216/125

=2,249.72(approx.)

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