find the amount and the compound interest on a sum of 5000 for 2 years at the rate of 8% p.a
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Step-by-step explanation:
lntrest=Principle×Rate×Time
100
l=5000×8×2
100
l=50×8×2
l=400×2
l=800
Amount=lntrest+Principle
A=800+5000
A=5800
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