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A man invests ₹ 46,875 at 4 % per annum compound interest for 3 years. Calculate : (i) the interest for the 1st year (ii) the amount standing to his credit at the end of 2nd year: |
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Answer» A man invests ₹ 46,875 at 4 % per annum compound interest for 3 years. Calculate : (i) the interest for the 1st year (ii) the amount standing to his credit at the end of 2nd year: |
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