The compound interest on Rs. 3000 for 3 years at 5% per annum compounded annually is
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Answer:
472.87
Step-by-step explanation:
p(1+r)^n-p
CI = 3000(1+5%)^3-3000
= 3000(1+0.05)^3-3000
= 3000 * 1.1576-3000
=3472.87-3000
=472.87 ANS
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