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A sum of Rs 25,000 is invested for 3 years at 20% per annum compound interest compounded annually. Calculate the interest for the third year.

A sum of Rs 25,000 is invested for 3 years at 20% per annum compound interest compounded annually. Calculate the interest for the third year.

Grade:12th pass

1 Answers

Pawan Prajapati
askIITians Faculty 60796 Points
2 months ago
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