Find the compound interest on ₹3200 at 25 % per annum for 2 years compounded annually.
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Answer:
principal = 3200
Rate = 25%
Time = 2years
A= P(1+R/100)R
= 3200(1+25/100)²
=3200(125/100)²
=3200(5/4)²
=3200×5/4×5/4
=3200×25/16
=200×25
A=5,000
CI=A-P
=5,000-3,200
CI=1800
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