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A man invests ₹3,000 for three years at compound interest. After one year, the money amounts to ₹3,240. Find the rate of interest and the amount (approximated to the nearest rupee) at the end of 3 years.

Answer» A man invests ₹3,000 for three years at compound interest. After one year, the money amounts to ₹3,240. Find the rate of interest and the amount (approximated to the nearest rupee) at the end of 3 years.


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