₹ 12800 for 3 years at 6½% p.a. compounded annually.
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₹ 12800 for 3 years at 6½% p.a. compounded annually.
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A=12800[1+13/200]^3
=12800[213/200]^3
= 12800*213/200*213/200*213/200
= ₹ 15,461.75
Compound interest = Amount- principal
= ₹ 15,461.75-₹12800
=₹ 2,661.75