Question

find C.I when P-4000
R -5% and N 2 years compounded annually​

Answer 1

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Answer 2

Answer:

410

Step-by-step explanation:

we have ,

p=4000 , r=5% , i=2

A=4000*(1+5/100)∧2

A=4000*(1+1/20)∧2

A=4000(21/20)∧2

A=4410

C.I = A-P

C.I = 4410-4000

C.I=410

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