The compound interest on rs. 5000 for 3 years at 10%p.a. will amount to:
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Answer:
rs 1655
Step-by-step explanation:
A= p (1+r/100)^n
A= 5000(1+10/100)^3
A= 5000*11/10*11/10*11/10
A=5*11*11*11
A= rs 6655
A=Ci +P
CI = A-P
CI = 6655-5000
CI = rs 1655
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