Question

A sum amount to Rs 23763 in 2 years at 9% per annum compounded annually find the sum

Answer 1

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here is your answer

$here \: given \\ principle = 23763 \\ rate \: of \: interest(r\%) = 9\% \\ time = 2 \: years \\ interest = \frac{principle \times time \times r}{100} \\ = \frac{23763 \times 9 \times 2}{100} \\ = \frac{427734}{100} \\ = 4277.34 \\ the \: annually \: sum \: is \\ = 23763 + 4277.34 \\ = 28040.34$

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