the simple interest on a certain sum of money for 3 years at 5% per annum is rupees 600 find the amount and compound interest on a sum of money at the same rate after 3 years interest being compounded annually
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P=600*100/3*5=₹4000/-
CA= 4000(1+.05)^3
= 4000*21/20*21/20*21/20
4000*9261/8000
9261/2 = ₹ 4630.5
CI = 4630.5-4000= ₹630.50
CA= 4000(1+.05)^3
= 4000*21/20*21/20*21/20
4000*9261/8000
9261/2 = ₹ 4630.5
CI = 4630.5-4000= ₹630.50
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