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3 years ago

Calculate the compound amount on rs 2000 for 3 years at the rate of 13% p.a

1 answer:

6 0

A=P(1+r%)ⁿ , where P is the initial capital, r, the interest rate and n, the # years

A = 2000(1+0.13)³
A = 2000(1.13)³
A = 2,885.79

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