using CI formula calculate the amount and compound interest on rupees 10,752 for 3 years at 25/2 %
p.a interest being paid annually.
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Answer:
Amount after 3 years = P(1+
100
r
)
3
= 12000×(1+
100
5
)
3
= Rs. 13891.50
C.I. = Amount − Principal
C.I. =13891.50−12000
= Rs. 1891.50
Thus, compound interest is Rs. 1891.50
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