A sum of Rs 20000 is borrowed by Reshma for 2 years at an interest of 8%compound annualy. Find the compound interest and amount she has to pay at the end of 2 years.
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CI=20000(1+8/100)^2-20000
=20000(108/100)^2-20000
=20000×108/100×108/100-20000
=2×11664-20000
=23328-20000
=3328
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