find amount on sum of rs.2000, for two years when intrest is compounded annually at 10%annum. Tell in steps.
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Answer:
formula is a=p(1+r/100)^n (p=2000, r=10, n=2)
a= 2000(1+10/100)^2
2000(100+10/100)^2. (LCM taken)
2000(110/100)^2
2000( 1.1)^2
2000*1.21
=2420 is the final sum
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