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1. Find the amount and the compound interest on 5000 for 2 years at 6%per annum,interest payable yearly.d the comnound interest on 8000 for 4 years at 10% per annum, long answer |
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Answer» Answer: It is given that PRINCIPAL (P) = 5000 Rate of interest (r) = 6% p.a. Period (n) = 2 YEARS We KNOW that AMOUNT = P(1+r/100)n Substituting the values =5000(1+6/100)2 By further calculation = 5000×53/50×53/50 = 5618 Here CI = A - P Substituting the values =5618−5000 = 618 |
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