(c) The compound interest on 5000 at 4% per annum for 2 years compounded annually is? explain with method.
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1
Answer:
option c
Step-by-step explanation:
Correct option is C)
P=Rs.5000,r=8%,t=2
CI=P[1−(1+
100
r
)
t
]
⟹CI=5000[1−(1+
100
8
)
2
]
⟹CI=Rs.832
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