calculate the amount an the compound interest on Rupees 20000 in two whole one upon four years at 10 percent per annum
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The total compound interest is 26862 ruppes
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formula: P(1+R/100)n(1+R/4×100)
whenever any time is given in whole and it is asked to calculate the CI annually so at that time we will use this formula. ( sometimes annually, half yearly or quarterly is not mentioned so that time we will use the formula of finding annually)
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