find the compound interest on Rupees 10752 at 12 whole 1 by 2% P A for 3 years compounded annually
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Answer:
The answer is ₹4,557
C.I. = P{(1 + 0.125)³ -1}
= P{(1.125)³ -1}
= P{1.423828125 - 1}
= 10,752 {0.423828125}
= ₹ 4,557
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