c.i. on rs. 2000 at 5%p.a. compounded 2 years is
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Answer:
Rs.205
Step-by-step explanation:
Principal (P) = Rs.2000
Rate (R) = 5% p.a.
Time (T) = 2 years
Amount (A) = P (1 + R/100)^T
A = 2000 (1 + 5/100)^2
A = 2000 (21/20)^2
A = 2000 × 21/20 × 21/20
A = Rs.2205
C.I. = A - P = Rs.(2205-2000) = Rs.205
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