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22 November, 15:45

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

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  1. 22 November, 18:45
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    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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