Rama lent ₹ 40960 to Ajay at the rate of 6.25 % per annum compound interest . Find the amount payable by Ajay after 3 years.
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1
Answer:
49130
Step-by-step explanation:
C
A=P(1+r/100)^tn
=40960(1+6.25/100)^(1)(3)
=40960x(1.0625)³
=40960x1.1995
=49130
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