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calculate the amount and the compound interest on ₹ 10000 compounded annually for 2 1/2 years at 4% per annum. |
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Answer» SOLUTION ! First, we FIND the amount after 2 years A = P( 1 + r/100)N = ₹ 10000 ( 1 + 4/100)² = 10000 × (25/25)² = 10000 × 26/25 × 26/25 = 10816 |
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