A bank account savings account give compound interest rate of 8% per annum but after 6 month added the interest in the principal if Om deposit rupees 4000 then find the interest after 1 year
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Step-by-step explanation:
hey there your answer is
amount = p(1 x r/100)ˆn
amount = 4000(1 x 8/100)ˆ1/2
amount = 800root2 =1131.37+4000
=5131.37
cp= 1131.37
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