Calculat the compound intrest of 5000 in 2 years with the rate 8 p.c.p.a
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Answer:
RS.832
Step-by-step explanation:
CI = A - P
CI = P ( 1 + R )^N - P
= P [ ( 1 + R )^N - 1 ]
P = RS.5000 N = 2 R = 8%
CI = 5000 [ ( 1 + 8/100 )^2 - 1 ]
= 5000 [ ( 1 + .08)^2 - 1]
= 5000 [ ( 1.08 )^2 - 1 ]
= 5000 [ 1.1664 - 1 ]
= 5000 [ .1664 ]
CI = RS. 832
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