Question

Find the compound interest on Rs 8000 for 3 year at 5% per annum


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Answer 1

In the given question we are provided

Principle, P=8000

Rate, R=5%

Time, t=3

Making use of formula

P(1+R100)t. Substitute the values in this formula, we get

8000(1+5100)3=8000(105100)3=8000×105100×105100×105100=9261

Answer 2

Answer:

Step-by-step explanation:

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