English, asked by lisasharma86171, 4 months ago

The future value after 3 years of 20000 today ,taking 10% p.a compound interest rate is

Answers

Answered by jagadeesh966

Explanation:

Hence, the compound interest for three years will be Rs. 6,620. Note:- Whenever we come up with this type of question, we should note that simple interest and compound interest are not the same because simple interest is based on the principal amount of a loan or deposit.

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