Find the Compound Interest on Principal which yields Rs. 10000 as Simple Interest in 5 years at the rate of 10%p.a. Find the compound Interest for 2 years at the same rate.
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Answer:
rupees 4200
Step-by-step explanation:
let p be 100
I = 50
apply unitary method
when I is 50 p is 100
when I is 10000 p is 100/50×10000 = 20000
A = p(1+R/100)^n
A = 20000(1+10/100)^2
A = 20000×11/10×11/10
A = 200×11×11
A = 24200
CI = 24200-20000
CI = 4200
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