calculate the compound interest for second year on rupees 5,000 invested for 3 years at 10% per annum is the answer rupees compound interest equal 1655 and amount is equal to Rupees 6655
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p = 5000
t = 2
r = 10%
SI = P × T × R/100
=> 5000×1×10/100
=> 500
A => p + I => 5000 + 500 => 5500
for second year this is the principal
si = 5500×1×10/100=
=> 550
compound interest for second year => I¹ + I ² => 500+550
=> 1050
t = 2
r = 10%
SI = P × T × R/100
=> 5000×1×10/100
=> 500
A => p + I => 5000 + 500 => 5500
for second year this is the principal
si = 5500×1×10/100=
=> 550
compound interest for second year => I¹ + I ² => 500+550
=> 1050
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