calculate the amount of rupees 30000 at the end of 2 years 4 months compounded annually at 10% per annum
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Answer:
37000
Step-by-step explanation:
principle =30000
time=2years+4month
time=2+4/12
time=2+1/3=7/3
as SI =principle *rate*time/100
SI=30000*10*7/300=7000
TOTAL AMOUNT=30000+7000
=37000
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