A person invests Rs 5600 at 14% compound interest for 2 years. Calculate the amount at end of the first year
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Answered by
3
Answer:
6384
Step-by-step explanation:
principal(P)= Rs 5600
rate(R)= 14%
time(T)= 1 yrs
now,
CA= P(1+R/100)^t
=5600(1+14/100)^1
=Rs. 6384
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