Calculate the compound interest on Rs. 8000 for 2 years at 5% per annum.
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Step-by-step explanation:
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Step-by-step explanation:
principal - 8000
rate - 5%
time - 2 years
Amount - P(1+R/100)n
=8000(1+5/100)2
=8000*(1+1/20)2
=8000*(21/20)2
=8000*441/400
=20*441=8820
Amount - Principal
=8820-8000
=820
hope it will help u
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