find the amount & compound interest of rs 25000 at the rate of 8% p.a. for 2 yrs
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Answer:
compound interest=4160
amount=29160
Step-by-step explanation:
P=25000
R=8%
T=2
A=P(1+R/100)^T
= 25000(1+8/100)^2
=29160
Compound interest=A-P
=29160-25000
= 4160
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