2. Find the compound interest for the following where
the interest is compounded annually.
a. P= 38000, R = 10% per year, T = 2 years
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Principal=38000
Rate= 10%
Time= 2 years
1 st year= 38000*10*1/100
=3800=38000+3800
= 41800
Second year= 41800*10*1/100
= 4180= 41800+4180
= 45980 rs
Rate= 10%
Time= 2 years
1 st year= 38000*10*1/100
=3800=38000+3800
= 41800
Second year= 41800*10*1/100
= 4180= 41800+4180
= 45980 rs
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