Find the compound interest and the amount principal RS 2000, p.c.p.a 5,duration 2
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(1) Here, P = ₹ 2000; R = 5 % ; N = 2 years
A=P(1+R100)N =2000(1+5100)2 =2000(105100)2 =2000(2120)2 =2205 Rupees∴ Compound Interest after 2 years,I = Amount − Principal =2205−2000 =205 Rupees
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