Find the amount and the compound interest on 2000 at 10% p.a. for 2.5 years
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Amount=p(1+r/100)
=2000(1+10/100)2.5
= 2000 (11/10)2.5
= 2000×11/10×2.5
=2200×2.5
Amount= 5500
Interest =A+p
= 5500+2000
= 7500
Compound interest= I - A
= 7500-5500
= 2200
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