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Shanker Kumar
6y ago
compound interest of 7200 for 12/5 yrs at 20% interest
1
Shashank Sharma 6y ago
A=P[(1+(R/100))]^T
A=7200[1+(20/100)]^12/5
=7200[1+0.2]^2*[1+0.2]^2/
=7200*1.44*1.07
=11,093.76
CI=A-P
=11,093.76-7200
=3893.76
