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QUESTION
Q
There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs.10000 after...
Solution
Let, the principal amount be = P
Let, the rate of interest be = r
Given interest earned in 6 years is
= 60% of P =...
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Solution
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Where :
P = Principal amount r = Annual interest ratet = Number of years the money is invested
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