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A sum of Rs. 8000 is invested for 2 years at 10% per annum compound interest. Calculate: (i)interest for the first year. (ii) principal for the second year. (iii) interest for the second year. (iv) final amount at the end of second year. (v) compound interest earned in 2 years. |
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Answer» A sum of Rs. 8000 is invested for 2 years at 10% per annum compound interest. Calculate: (i)interest for the first year. (ii) principal for the second year. (iii) interest for the second year. (iv) final amount at the end of second year. (v) compound interest earned in 2 years. |
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