1.

raju took a sum of ₹ 30 000 as a loan from a bank at the rate of 8%per annum find the compound interest paid by raju after 2 yeat

Answer»

For CIAmount = 30000(1 +8/100)^2= 30000x108/100x108/100= 30000x.08x.08= 34992

CI = 34992-30000= 4992



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