A sum of money lent out at 5% p.a. compound interest for 2 years amounts to Rs.6760. The sum lent is
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Step-by-step explanation:
S.I = P×R×T/100
= ₹6760×5×2 / 100
S.I = ₹676
Amount=Principal+Simple Interest
amount= ₹6760+₹676
Amount= ₹7436
Hope you will understand
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