A sum of 20000 from a bank at 9% p.a. compound interest in 2 years.find the rate of interest.
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Answer:
23762
Step-by-step explanation:
principal for 1st year = 20000
rate = 9
amount = 20000(20000×9÷100)
principal for the second year = 21800
amount = 21800(21800×9÷100)
answer = 23762
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