Without using the formula of compound interest, find the compound interest and amount of the following: (i) Principal =*20,000, Rate%= 8/1/2 %p.a., Time = 3 2 years
chapter:- compound interest ( 10)
class 8th
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Step-by-step explanation:
SI = PXRXT/100
SI = 20000X8X3/100X2X2
SI = 1200
AMOUNT = P + SI
=20000+1200
= 21200
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