calculate the amount and compound interest on Rs 18000 for 2 1÷2 years at 10%per annum compound annually
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Step-by-step explanation:
simple interest
=p×r×t/100
p=Rs 18000
r=10
t=21÷2 years
=10.5 years
now,
18000×10×10.5/100
=Rs 18900
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