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RD Sharma Solutions Class 8 Mathematics Solutions for Compound Interest Exercise 14.2 in Chapter 14 - Compound Interest
Prev
Find the amount of Rs. 2400 after 3 years, when the interest is compoundedannually at the rate of 20% per annum.
Answer:
Given details are,
Principal (p) = Rs 2400
Rate (r) = 20% per annum
Time (t) = 3 years
By using the formula,
A = P (1 + R/100)^n
= 2400 (1 + 20/100)^3
= 2400 (120/100)^3
= Rs 4147.2
∴ Amount is Rs 4147.2
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