find the compound interest on 7000 rupees at 4% per annum for 2 years compounded annually
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Answer:
Rs. 571.20
Step-by-step explanation:
Sum = Rs. 7000
Rate = 4% p.a.
Time = 2 years
Amount = 7000(1 + 4/100)^2 = Rs. 7571.20
Compound Interest = Rs. 571.20
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