find the compound interest on = ₹6000, rate of= 5% per annum and time= 2 years.
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Answer:CI=6615-6000=₹615
Step-by-step explanation:
We know that,
A=P(r+1/100)t
A=6000(1+5/100)
A=6000×21/20×21/20
A=6000×441/400
A=6615
CI=Amount-Principle
CI=6615-6000
CI=₹615
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