savita wants to purchase a laptop for which she borrowed ₹40000 from a bank at 10% p.a compounded annually for 3 years. calculate amount and CI to be paid by her after 3 years
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Answer:
P is 40960
R is 12.5% p.a semi annually
T is 1 1/2 years =3/2years
A=p(1+r/200)^2n
=49130=amount
CI=A-P
=49130-40960
=8170Ans.
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