₹20000 for 2 years at 11% per annum
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ANSWER :
Ruppes 8,800
STEP BY STEP EXPLANATION :
A= P ( 1+r/100)n
the principal P= 20,000,number of years n= 2,rate of interest R= 20%
therefore, amount
A= 20,000 ( 1+20/100)square = 2000(36/25)
= ruppes 28,800
compound interest C. I = amount - p
= 28,800- 20,000
= rupees 8,800
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