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A Sum of Rs. 65000 is Invested for 3 Years at 8 % P.A. Compound Interest.

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Question

A sum of Rs. 65000 is invested for 3 years at 8 % p.a. compound interest.

Find the compound interest earned in the first two years.

Sum
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Solution

`"C"_1 + "C"_2 = 5200 + 5616 = 10816`

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Concept of Compound Interest - Compound Interest as a Repeated Simple Interest Computation with a Growing Principal
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Chapter 1: Compound Interest - Exercise 1.1 [Page 5]

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Frank Mathematics Part 2 [English] Class 10 ICSE
Chapter 1 Compound Interest
Exercise 1.1 | Q 2.3 | Page 5
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