Find C.I. on 2500 at 10% per annum for 2 years. If compounded annually (Use
simple interest formula)
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for 1st year
ci-₹(2500×10×1)/100= ₹250
amt-₹2750
for 2nd year
ci-₹(2750×10×1)/100=₹275
amt- ₹3025
Final ci= ₹250+₹275= ₹525
amt= ₹3025
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