Question

find the compound interest on 20,000 at 10 per annum for 2 years​

Answer 1

Answer:

Here is the answer !

Step-by-step explanation:

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Answer 2

Step-by-step explanation:

We have given that

P = 20,000

T = 2 years

Rate of interest= 10 per annum

Using formula:

P [ 1+R/100] ^T] - P

20000 ( 1 + 10/100) ² - P

24200 - 20000

= 4200 Rs

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