A person invest rs 5600 at 8% per annum for 2 years .Compounded annually.The interest for first year is
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Heya user ,
Here is your answer !!
_______
Principal = Rs. 5600 .
Rate = 8 % p.a.
term = 2 years .
Compound interest for the first year
= 5600 * 8 / 100
= Rs . 448 . { Answer }
_________
Hope it helps !!
Here is your answer !!
_______
Principal = Rs. 5600 .
Rate = 8 % p.a.
term = 2 years .
Compound interest for the first year
= 5600 * 8 / 100
= Rs . 448 . { Answer }
_________
Hope it helps !!
ramdina:
Thank you very much
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