Find the amount to be paid at the end of 2 years
on 2,400 at 5% per annum
compounded
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A=P[1+
100
R
]
n
P=2400,R=5,n=2
A=2400[1+
100
5
]
2
=2400[
20
21
]
2
=6×21×21
=Rs.2646
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