calculate the compound interest on 5000/- over a period of 2 years, at 10/- per annum of interest is compounded its yearly
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Amount = 5000(1+10/100)^2
5000(1+1/10)^2
5000×11/10×11/10
Rs. 6050
C.I= Rs.1050
5000(1+1/10)^2
5000×11/10×11/10
Rs. 6050
C.I= Rs.1050
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