what will be the compound interest on Rs 8000 for 3 years at 5% p.a.
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Answer:
rs. 1261 is the compound interest
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A=p×(1+r/100)^t
A=8000 (1+5/100)^3
A=8000 (1+1/20)^3
A=8000 (21/20)^3
A=8000×9261/8000
A=9261
CI=9261-8000
=1261
hope this to be helpful for you
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