Calculate the compound interest — task. Mathematics CBSE, Class 8.

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Calculate the compound interest on \(₹\)3940 for 3 years at the rate of 4\(\%\) per annum compounded yearly. (Use:

{(1.04)}^{3}

\approx

1.12)

Answer:

The compound interest \(=\) \(₹\).

[Note: Submit the answer as a whole number.]

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4. Calculate the compound interest