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What sum will earn an interest of ₹ 480 in 3 years, at 8% per year? * |
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Answer» -STEP explanation:Page No 144:Question 1:Find the amount and the compound interest on Rs 2500 for 2 YEARS at 10% per annum, compounded annually.ANSWER:Principal for the FIRST year = Rs. 2500Interest for the first year = Rs. (2500×10×1100 )= Rs. 250Amount at the end of the first year = Rs. (2500 +250 ) = Rs. 2750Principal for the second year = Rs. 2750Interest for the second year = Rs. (2750×10×1100 )= Rs. 275Amount at the end of the second year = R |
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