Find the compound interest on rs19000for 1 year and 3months of 8%p.a. compounded annually
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Answer:
given
= 19000 for 1 year at 8% p.a for 3 months
= 19000 * [1+8/100]^3
= 19000 * [1/100+8/100]^3
= 19000 * [16/100]^3
= 19000 * 16/100 * 6/100 * 16/100
by canceling 16/100 from 19000
= you will get
19*8*4/5*16/25
= 9728/125
that is equal to
= 77.824%
I HOPE IT HELPS YOU
THANK YOU!!!!
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