Find the amount and compound interest on:
Principal = Rs. 5000, Time = 4 years, rate of interest = 10% per annum.
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Answered by
1
Answer:
P = ₹5000
T = 4 yrs
R = 10% p.a.
S.I. = P×R×T/100
= 5000×10×4/100
= ₹2000
Amount = P+S.I.
= ₹5000+₹2000
= ₹7000
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