calculate the amount of rs5000 at the ratio of 6./. p.a compound annually for 2 years
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(5618) is the homogeneous mixture.....1year=5000+5000×(6/100)=5300......2year=5300+5300(6/100)=5618.... or 5000[1+(6/100)]^2=5618
kruthi14:
explain me clear
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