find the compound interest on RS. 10000 @ 20% per annum for 4 years.
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Answered by
5
Answer
Compound Interest=10736₹
Explanation
Refers to the attachment
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Answered by
8
Answer:
Amount = P(1 + r/100)^n
= 10000 ( 1 + 20/100 )^4
= (10000 × 6 × 6 × 6 × 6) ÷ (5 × 5 × 5 × 5)
= ₹20736
Compound Interest = Amount - Principal
= ₹20736 - ₹10000
= ₹10736
So, the Compound Interest is ₹10736.
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Step-by-step explanation:
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