3. Find the compound interest on ₹ 6400 for 2 years at 5% per annum.
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Answered by
0
Answer:
⇒ P=Rs.6400,n=2years,R=
2
15
%
⇒ A=P(1+
100
R
)
n
⇒ A=6400(1+
2×100
15
)
2
⇒ A=6400×
200
215
×
200
215
⇒ A=Rs.7,396
⇒ Compoundinterest=A−P
⇒ CompoundInterest=Rs.7,396−Rs.6,400=Rs.996
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