Question no 3
Urgent answer please
I will mark your answer as brainliest
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Answer:
Rs.1484.40
Step-by-step explanation:
1st case:
Here, P=Rs.6000, r=5% and n=1 year
Now, by the compound interest formula:
A=P(1+r/100)^n
A=Rs.6000(1+5/100)^1
A=Rs.6300
2nd case:
Here, P=Rs.6300, r=8% and n=1 year
Again, by the compound interest formula:
A=P(1+r/100)^n
A=Rs.6300(1+8/100)^1
A=Rs.6804
Here, P=Rs.6804, r=10% and n=1 year
Again, by the compound interest formula:
A=P(1+r/100)^n
A=Rs.6804(1+10/100)^1
A=Rs.7484.40
Now, Compound interest = Rs.(7484.40-6000)
= Rs.1484.40
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I hope it will helps you friend
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