Find the amount to be paid at the end of 2 years on Rs.2400 at 10% per annum compounded annually.
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given is principle= rs 2400
rate of interest= 10%
time= 2 years
Step-by-step explanation:
the amount to be paid after one year = rs 240
amount to be paid after 2 years= 240 x 2= 480rs
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