Which sum of money will become ₹3000 in 20years at compound interest rase 5% per annum?
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3
Answer:
3000
Explanation:
step by step
P = 3000
T= 20 years
R= 5 %
S.I= ?
so,
S.I = P*R*T/100
S.I = 3000*20*5/100
S.I = 3,00,000/100
Hence , S.I= 3000
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