find the compound interest on rs90000 for 3 years at the rate of 10%per annum compounded annually
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Answer:
P = ₹90000
R = 10%
T = 3 years
A = P(1+r/100)^ n
=90000(1+10/100) ^3
=90000(1+1/10) ^3
=90000(11/10) ^3
=90000×1331/1000
=₹119790
Then
CI =A - P =₹119790 - ₹90000 = ₹29790
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