1.

find the compound interest on ₹2000 at 5% per year for 3 year

Answer»

For first yearINTEREST = 2000x5x1/100= 100

For second yearINTEREST = 2200x5x1/100= 110

For third yearINTEREST = 2310x5x1/100= 115.5

Total Interest for 3 years = 100+110+115.5= 325.5

in my book is other



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