Find the amount to be paid at the end of 2 years on rupees 24000 at 5% per annum compound annually?
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Principal = 24000
Rate = 5%
Time = 2 years
Simple Interest = (P*R*T)/100
=>(24000*5*2)/100
=>240*5*2
=>2400
Amount = Simple Interest + Principal
=>2400+24000
=>26400
Ans = Amount to be paid at the end of 2 years is Rs 26400
Rate = 5%
Time = 2 years
Simple Interest = (P*R*T)/100
=>(24000*5*2)/100
=>240*5*2
=>2400
Amount = Simple Interest + Principal
=>2400+24000
=>26400
Ans = Amount to be paid at the end of 2 years is Rs 26400
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