Find the compound interest and amount rate.
Please step by step explanation
p=₹24000 r=10 t= 2 years
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Answer:-
= ₹ 29, 172 - ₹ 24,000 = ₹ 5,172
Step-by-step explanation:
principal (p) = ₹ 24,000
time (t) =2 years
rate ( r) = 10%
Amount = principal- (1+(r/2×100))2×2
= ₹ 24,000× (1+(10/200))2×2
= ₹ 24,000 × (210/1200)4
= ₹ 24,000 × 21/20 × 21/20×21/20×21/20
= ₹ 29, 172
C.I . Amount - principal
= ₹ 29,172- ₹ 24,000 = ₹ 5,172
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