Find the compound interest on 6400 for 2 years at 5 1/2% per annum.
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A=P*(1+R/100) n
A= 6400*(1+11/2*100) 2
A=6400*(211/200) 2
= 6400 * 211/200 * 211/200
A=7123.36
C. I = 7123.36-6400=723.36
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