dev borrowed a sum of rupee 2050 from a company at the rate of 8 p.a compound interest of 2 year . find the amount he has to pay
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Answer:
Here,
principle amount = 2050
rate of interest = 8
time = 2 years
s.i = P×R×T÷100
= 2050×8×2÷100
= 328
so, the amount he has to pay is = 2050+328
= 2378
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