Find the compound interest at 2.5% per annum for 2 years at 5% per annum yelds ₹800 as simple interest
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Answer:
Principal = Rs 800
Time =2 years
Rate =5%
A=P(1+
100
R
)
T
A=800(1+
100
5
)
2
A=
100×100
800×105×105
A= Rs 882
C.I.=A−P
C.I.=882−80= Rs 82
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