calculate amount and compound interest on rupees 18000 for 2.5 years at 10% rate per annum compounded annually
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Answer:
Amount =18000(1+10100)2
=18000(1+10100)2
=18000×1110×1110
=21780
=18000×1110×1110
=21780
Interest after 2 years
=21780−18000
=3780
=21780-18000
=3780
Interest after half year
=21780×10100×12
=1089
=21780×10100×12
=1089
Total interest after 2.5 years
=3780+1089
=4869
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