calculate the amount and the compound interest on rupees 25000 for 2 years at 8% per annum compounded annually
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Amount is 25000. Rate 8%.
1st Year Interest @ 8% is 2000.
2nd Year Amount will be 27000.
So Interest @ 8% = 2160.
Total Interest is 4160 for 2 Years.
And Total amount will be 29160 after 2 Years.
1st Year Interest @ 8% is 2000.
2nd Year Amount will be 27000.
So Interest @ 8% = 2160.
Total Interest is 4160 for 2 Years.
And Total amount will be 29160 after 2 Years.
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