Question

find the amount and compound interest if a sum of rupees 4000 is borrowed for 5/2 year at the rate of 8% p.a
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Answer 1

Answer:

Amount=4800, Compound Interest=800

Step-by-step explanation

Principal = 4000

Time = 5/2

Rate Of Interest = 8%

Compound Interest = P*T*R/100

=4000*5*8/100*2

=800

Amount = (principal+Compound Interest)

= 4000+800= 4800

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