by using the formulae find the amount and compound interest on: 10000Rs. for 2 years at 11 ℅ per annum compounded annually.
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Step-by-step explanation:
A=P(1+R÷100)^n=10000×(1+11/100)²=10000×1.2321=12321Rs. and I=A-P=12321-10000=2321
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