If the compound interest in the third year at 8% p.a. on a certain sum is 3600, then what is the difference between the compound interest in the 4th and 5th year? (nearest to an integer in *)
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Step-by-step explanation:
Compound interest for the 4th year = 3600 + (3600×8×1)/100. = 3600+288. ... Compound interest for the 5th year = 3888 +(3888×8×1)/100. = 3888 + 311.04
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