a certain sum of money amounts to ₹12600 In 5years at 8% per annum simple interest find the amount of same sum in 2 years at 10% per annum compound interest
anwer as fast as possible
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play free fire it is the answer
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sorry I rush. But I will show u how to do it. 12600 is 108% of first year so You find first year first
Step-by-step explanation
Then you can on need to use compound equation in 2 year with 10%. Equation is
A = P(1 + \frac{r}{n})^{nt}
A = final amount
P = initial principal balance
r = interest rate
n = number of times interest applied per time period
t = number of time periods elapsed
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