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the interest rate being9, Find the compound interest on10% (without using the formula)15,000 at the end of three years../ |
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Answer» Givenamount = 15000in first year ( 10 percentage of 15000)15000*10/100 because rate is 10 percentage1500new amount15000+150016500now again 10 percentage rate sonew amountwill be16500*10/100(10 percentage of 16500)165016500+165018150- new principal amountnow in third year18150*10/100( 10 percentage of the 18150)1815finally amount = 18150+181519965 rupeesand interest = 19965-150004965Answer hit the like 👍✔️ |
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