Find compound interest on 10000 at a rate 8% for 2 year 3 month
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If the rate of interest is 8% per annum then
The interest for first year = 800
The interest for second year = 800+64=864
Total interest = 800+864=1664
The interest for first year = 800
The interest for second year = 800+64=864
Total interest = 800+864=1664
Answered by
1
Explanation:
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