Maths question...
Answer 24.97
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QUESTION- find the compound interest on:
rs. 200 in 3 years at 4% per annum reckoned annually.
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Principal =Rs. 200
Time =3 years
Rate =4%
Amount compounded annually
=200(1+ 4/100 ) ³
200 * 104/100*104/100*104/10
= RS.224.9728
Compound interest = RS. 224.9728 - RS. 200
= RS. 24.9728
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