the CI on the sum of money for 4 years at 6% per annum is 1200 find the amount and the compound interest on the same sum of money at 8% per annum compounded annually after 3 years
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Answer:
= (1+ℛ/100)
= 1200(1+6/100)4
, = 1200(17.6/16.6)4
= 1200×17.6×17.6×17.6×17.6/16.6×16.6×16.6×16.6
= 19.1325301205
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