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(a) Rs 10,800 for 3 years at
% per annum compounded annually.
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Answered 1 year, 9 months ago
Given,
Principal,P = Rs 10800
Compound Interese Rate,R =
p.a.
Time period,n = 3 years.
We know,
Amount when interest is compounded annually, A =
Therefore, the required amount =
= Rs. 15377.34
And Compound Interest, CI = Amount - Principal = Rs. (15377.34 - 10800) = Rs. 4577.34
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