A sum of 500/- is invested in a scheme for 2 years at the rate of 10% per annum compounded annually. Find ammout after 2 years
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Step-by-step explanation:
p= rs.500
t=2yrs
r=10percent
A= p( 1+ R/100)^t
= 500(1+1/10)^2
=500×121/100
=605
Amount= Rs.605
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