Rehab borrowed a sum of ₹10,400to open a bookshop at the rate of 4.5% per annum for 3 year find the compound interest paid by her after 3 year
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CI=P[(1+R/100)^n-1]
P= ₹10,400 R=4.5% per annum n=3 year
CI=₹ 10,400 [(1+4.5/100)^3-1]
CI=₹ 10,400 [(1+4.5/100)^3-1]
CI=₹ 10,400 [(1+0.045)^3-1]
CI=₹ 10,400 [(1.045)^3-1]
CI=₹ 10,400 [1.14-1]
CI=₹ 10,400 × 0.14
CI=₹ 1468.127 = CI=₹ 1468.13 ans
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