Calculate the compound interest — task. Mathematics State Board, Class 8.

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Find the compound interest on \(₹\)3127 for 3 years at the rate of 3\(\%\) per annum compounded yearly. (Use:

{(1.03)}^{3}

\approx

1.09)

Answer:

The compound interest \(=\) \(₹\).

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

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4. Calculate the compound interest