Find the amount on a sum of 2000, for two years when the interest is compounded annually at 10%
per annum
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- Find the amount on a sum of 2000, for two years when the interest is compounded annually at 10% per annum.
Given:-
To find:-
Solution:-
We know that,
Where,
- A stands for Total Amount
- P stands for Principle Amount
- r stands for Rate of interest
- t stands for number of time
According to the question,
More Information:-
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