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Alisha Invested Rs 75000 for 4 Years at 8 % P.A. Compound Interest

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Question

Alisha invested Rs 75000 for 4 years at 8 % p.a. compound interest,

Find the interest earned in the third year.

Sum
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Solution

`"C"_3 = 6998.4`

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Concept of Compound Interest - Compound Interest as a Repeated Simple Interest Computation with a Growing Principal
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