calculate the amount and the compound interest by simple interest method on rupees 4800 for 2 years at 15 by 2% p. A compounded annually
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Step-by-step explanation:
principle = 4800
rate = 15
no. of years = 2
simple interest = p × r × n ÷ 100
= 4800 × 15 × 2 ÷ 100
= 48 × 30
= 1440
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