Find the amount and compound interest on Rs 5000 for 2years at 6% per annum, interest payable yearly
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rs5000 for 2 years 6%per annum interest is = 6÷500=83.3 but 6/10/5000 1 zero is cut = 500answer is = 83.3
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5000[1+6÷100]raised to power 2
5000[53÷50] raised to power 2
5000×53÷50×53÷50
2×53×53
=5618 is C.P
amount = 5618-5000
618 is amount
5000[53÷50] raised to power 2
5000×53÷50×53÷50
2×53×53
=5618 is C.P
amount = 5618-5000
618 is amount
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