Find the amount and compound interest, if Rs.3500 is invested for 2 years at 14% Compound Interest.
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Answer:
Rs.1048.6
Step-by-step explanation:
P=Rs.3500
R=14%
T=2years
amount=p(1+r/100)^n
=3500(1+14/100)²
=3500×114/100×114/100
=Rs.4548.6
Compound intrest=4548.6-3500=Rs1048.6
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