the sum of rs.3500 is borrowed at the rate of 8% per annum for 4 years compounded anually. Find tge compound interest.
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A=p (1+r/100)^4
A=3500 (1+8/100)^4
A=3500 (27/25)^4
A=3500×531441/390625
A=4761.71
so the compound interest is=4761.71-3500=1261.71 rs
A=3500 (1+8/100)^4
A=3500 (27/25)^4
A=3500×531441/390625
A=4761.71
so the compound interest is=4761.71-3500=1261.71 rs
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