find the amount and the compound interest on 8000 at 5% per annum for 2 years
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CA=P(1+r/100)^n
=8000(1+5/100)^2
=8000(1+0.05)^2
=8000×1.05^2
=8000×1.1025
=8820 ans
Interest =8820-8000=820 rs
jay200335:
where is interest?
a subtraction will do
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