find the compound interest of rs8000 for 2years of 4% per annum compound yearly
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Step-by-step explanation:
A=P(1+R/100)Time
A =8000(1+4/100)^2
=8000*104/100*104/100
=43264/5
=8652.8
Compound interest =A-P
=8652.8-8000
=652.8 is the compound interest
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