Find the amount and the compound interest on rs.8000 at 5% per annum,for 2 years compounded annually
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8000(1+5/100) ^2
8000*21/20*21/20
8820this is amount
compound interest=8820-8000
=820
8000*21/20*21/20
8820this is amount
compound interest=8820-8000
=820
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