Find the compound interest and tge amount of the following
a) principal = rs. 25000 ; Rate of interest =10% p.a. ; Time = 2 years
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Answer:
30250
Step-by-step explanation:
P= rs. 25000
R= 10%
n= 2 years
p(1+r/100)^n
=25000(1+10/100)^2
=25000(11/10)^2
= rs. 30250
interest = 30250-25000
= 5250
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