Please answer the following question
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Compound interest including the principle = P(1+R/100)^n
where P=Rs.1800
R=8%
n=1year
Therefore,P(1+R/100)^n=1800(1+8/100)^1 =1800(108/100)
=18*108
=Rs.1944
Hence, the compound interest=Rs.144
where P=Rs.1800
R=8%
n=1year
Therefore,P(1+R/100)^n=1800(1+8/100)^1 =1800(108/100)
=18*108
=Rs.1944
Hence, the compound interest=Rs.144
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