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FindtheRs 36000 at 10% p.a. for 3 yearscompound interest onCompounded annually |
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Answer» the answer is given belowStep-by-step explanation:For the FIRST YEAR P=Rs36,000 N=1year R=10 % We have S.I.= 100 PNR = 100 36,000×1×10 =Rs3,600 And AMOUNT at the END of first year P+S.I.=Rs36,000+Rs3,600=Rs39,600 Now, for the second year P=Rs39,600 N=1year R=12 % We have S.I.= 100 PNR = 100 39,600×1×12 =Rs4,752 And Amount at the end of second year P+S.I.=Rs39,600+Rs4,752=Rs44,352 |
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