7.To renovate his shop, Anurag obtained a loan of* 8000 from a bank. I – InterviewSolution

1.	7.To renovate his shop, Anurag obtained a loan of* 8000 from a bank. If the rate of interest at 5%per annum is compounded annually, calculate thecompound interest that Anurag will have to payafter 3 years.
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