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Find the amount and compound interest on rs 20000 in 2% years at 10%per annum |
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Answer» GIVEN PRINCIPAL Amount= P= 20000 Rates of interest Per annum= i =10% TIME= n =2years Compound Interest = P[ (1+i)^n - 1] =20000[ (1+10/100)^2 - 1] =20000[(1 + 0.1)^2 -1] =20000[ (1.1)^2 - 1] =20000[1.21 - 1] =20000[0.21] =4200 is the Compound Interest... Then compounded Amount = Principal Amount + Compound Interest =20000 + 4200 =24200 is the Compounded amount |
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