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Calculate the amount on Rs. 5000 at the ...

Calculate the amount on Rs. 5000 at the rate of 8% compound interest per annum for 3 years.

Text Solution

Verified by Experts

The required amount `=Rs. 5000 (1+8/100)^(3)=Rs. 5000(1+2/25)^(3)`
`=Rs. 5000xx(27/25)^(3)=Rs. 6298.56`
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