the Santo typist deposits 10000 in a bank for a period of 3 years at 12 per annum compound interest the interest occurred to his after manually would be:.
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Answer:
P= Principal
A= Amount
R= Rate of Interest
Step-by-step explanation:
A =P (1 + R/100)^N
A =10000 ( 1+ 12/100)^3
A =10000( 25+3/25)^3
A =10000 × 28/25 × 28/25 × 28/25
A =16 × 28 × 28 × 28/25
A =351232/25
A = 14049.28
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