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Question
A sum of Rs. 65000 is invested for 3 years at 8 % p.a. compound interest.
Find the sum due at the end of the first year.
Solution
`"C"_1 = ("P" xx "R" xx "T")/100`
`= (65000 xx 8 xx 1)/100` = Rs. 5200
`P_1 = 5200 + 65000`
= Rs 70200
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