find compound interest on 3000 at 5% per annum for 2year
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Answer:
=8410-6250
=2160
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Answer:
total CI of two year = 307.5 rupees
Step-by-step explanation:
given
p = 3000
rate r = 5 percent per year
time 2 year
C I of first year = 3000 × 5/100 = 150 rupees
CI of second year = 3000×5/100 + 150×5/100
= 150 + 7.5 = 157.5 rupees
total CI of two year = 150+157.5 = 307.5 rupees
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