find compound interest on 20000 in 5/2 years at 10% per annum
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Answer:
⇒ A=P(1+ R )T
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100 T
⇒ A=20000×(1+ 10 )2
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010
⇒ A=20000× 100
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121
⇒ A=Rs.24,200.
∴ C.I.=A−P=Rs.24,200−Rs.20,000=Rs.4200.
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