Compound interest on ₹25000at 20%p.a.for 2×1÷2years, if interest is compounded annually,is
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Answer:
amount= ?
C. I = 25000
Time=1
rate=20%
Step-by-step explanation:
A=P(1+R/100)
=25000(1+20/100)
=25000×12/10
=30000
c. I =A-p
=30000-25000
=5000
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