Find the amount on the sum of Rs 4000 at the rate of 5% p.a. for 2 years compounded annually.
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Answered by
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Principal=4000
time=2years
rate=5%pa
now,
CA=p(1+r/100)t
=4000(1+5/100)²
=4000(100+5/100)²
=4000(105/100)²
=4000×11025/10000
=44100000/10000
=441 ans..
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Answered by
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Answer:
A=P(1+R/100)^N-YR
A= 4000(1+5/100)^2
A= 4000 x 21/20 x 21/20
a=4410
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