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Find Compound interest paid when a sum of 10000 is invested for 1 year and 3 months
at 8 % per annum compounded annually.
2
1
find the
Answers
Answered by
1
Step-by-step explanation:
formula = p(1+r/100)^t
= 10000(1+8/100)^1
= 10800
c.i = 800
for 3 months = 10000(1+2/400)^3
= 10075.17
c.i. = 75.17
total compound interest = 875.17
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Answer:
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