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:Example 11Find the compound amount and compound interest on the principal 20,000 borrowed at 6% compounded annually for 3 years.
Let P = 20000 r = 6% n = 3 using (compound amount) Compound interest
Find the compound amount, which would be obtained from an interest of Rs.2000 at 6% compounded quarterly for 5 years.
Let Principal = 2000 r = 6%
Find compound interest on Rs.2500 invested at 6% per annually, compound semi-annually for 8 years.
Let Principal = 2500 r =6% We know that Compound interest |

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