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On what principal the compound interest for 2 years will be Rs 2091 if the annual rate of interest is 4% |
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Answer» <P>Step-by-step EXPLANATION: Amount= Rs.2091 rate of interest=4% Time=2years Formula : A= P (1+R/100)^t 2091=P(1+4/100)^2 2091=P(104/100)^2 2091=P(10816/10000) 2091×10000/10816=P principal =Rs. 1925.23 |
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