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Find the compound interest on Rs 2000 at 8% per annum for 2 1/2 years |
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Answer» ONG>Step-by-step EXPLANATION: For the first year, P=Rs.2000,R=5% so, I = 100 P×R×T
= 100 Rs.2100×5×1
=Rs.105 The amount after the second year =Rs.2100+Rs.105 =Rs.2205 Final amount =Rs.2205 Hence, COMPOUND INTEREST = final amount - original amount =Rs.2205−Rs.2000=Rs.205 |
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