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Page No.ter 3uear thas much compound intxewil be obteined en 78oo al thetrest rale t 5 pen amum

Answer»

A = P(1+5/100)(1+5/100)(1+5/100) = 7800(1.05)(1.05)(1.05) = 9029.475 so interest = 9029.475 - 7800 = 1229.475



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