find the amount and compound interest compounded Li annually in each the following cases.
a. principal = 2000 ; rate = 6% ; time = 3 years
b. principal = 25000 ; rate = 10% ; time = 2 years
c. principal = 16000 ; rate = 5% ; time = 4 years
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Answer:
example sum
Step-by-step explanation:
P=2000,Rate=10%
andT=2years
Then
CompoundInterest=p(1+
100
R
)
=2000(1+
100
10
)
2
=2000(
10
11
)
2
=2000×
100
121
=2420
Compound Interest 2420 Rupees
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