Find the amount and the compound interest on rupees 5000 for 2 years at 8% per annum compounded annually
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amount = 5000× (1+8/100)^2=5000××27×27/625
=5832
CI=Rs. 5832- 5000=Rs. 832
=5832
CI=Rs. 5832- 5000=Rs. 832
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