Find the compound interest on Rs 10000 at
1
5% p.a. for 2-years, the interest payable
2
yearly
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Answer:
Step-by-step explanation:
a = 10000 * (1+.05/2)^2*2
a = 10000 * 1.103812
a = 11038.12
Interest = 11038.12 - 10000 = 1038.12
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