find compound interest on a sum of 8000 for 2 yrs at 5% per annum
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CI = 8000{(1+5/100)²-1}
= 8000{(21/20)²-1}
= 8000{(21)²-(20)²/(20)²}
= 8000{41/400}
= 1640
= 8000{(21/20)²-1}
= 8000{(21)²-(20)²/(20)²}
= 8000{41/400}
= 1640
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