Find the compound interest on rs. 800 for 3 years at 5%. Select one:
a. 128.60
b. 136.83
c. 126.10
d. 125.60
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Assuming that is compounded annually
A=P(1+r/n)^nt
A = 800(1+.05)^3=926.1
Interest = 926.1 - 800 = 126.1₹
Assuming that is compounded annually
A=P(1+r/n)^nt
A = 800(1+.05)^3=926.1
Interest = 926.1 - 800 = 126.1₹
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