Find the compound interest if the amount of a certain principal after two years is 4036.80at the rate of 16 p. c. p. a.
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Answer:
SI = 133214.4
SI = PRT÷100
SI = 4036.80 ×16×2
=4036.80 ×32
= 129177.6
SI = 129177.6+4036.80
=133214.4.
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