Compound Interest

6. Harjyot deposited ₹ $27,500$ in a deposit scheme paying $12$% p.a. compound interest. If the duration of the deposit is 3 years, calculate:(i) The amount received by him at the end of three years. (ii) The compound interest received by him.

Given Harjyot deposited ₹ $27,500$ in a deposit scheme paying $12$%p.a. Time, t = $3$years C1 = (P × r × t)/$100$ =$(27,500\times 12\times 1)/100$   = ₹ $3,300$ P1 = $27,500+3,300$ =...

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