find the compound interest on 45000 for 2 years at 5% per annual compound annually......
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Step-by-step explanation:
C.I= A-P
=45000(1+5/100)^2-45000
=45000(105/100)(105/100)-45000
=45(11025/10)-45000
=49612.5-45000
=4612.5
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