Question Number: 141
Find the difference between CI and S. I on Rs. 32.000/- for 3 years at a rate of 5% per annum
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CI−SI=P[(1+r)
n
−1−rt]
=36000[(1+
100
12
)
3
−1−
100
12
×3]
=36000[(
25
28
)
3
−1−
25
9
]
=1617.408
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