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the simple interest on a certain sum of money for 3 years at 5% per annum is rupees 1200 compute the compound interest being payable annually on the same sum at the same rate of interest |
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Answer» Answer:₹1261 Step-by-step EXPLANATION: SI=PRT/100 1200=P*3*5/100 1200*20/3=P 400*20=P 8000=Principal A=P*(1+5/100)^3 8000*21*21*21/20*20*20 21*21*21 ₹9261 CI=₹9261-₹8000 =₹1261 |
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