calculate the compound interest
Principal= Rs. 5000
Rate = 5% p.a (compounded annually)
Time= 2 years
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A = P(1+ R/100)^n
A = 5000 (1 + 5/100)^2
A = 5000 * (1 + 1/20)^2
A = 5000 * 21/20 * 21/20
A = 22050/4
A = Rs 5512.50
CI = A - P
CI = 5512.50 - 5000
CI = Rs 512.50
A = 5000 (1 + 5/100)^2
A = 5000 * (1 + 1/20)^2
A = 5000 * 21/20 * 21/20
A = 22050/4
A = Rs 5512.50
CI = A - P
CI = 5512.50 - 5000
CI = Rs 512.50
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