find the compound interest on rs 20,000 for 5 years at 20% interest per annum also calculate the simple interest
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principal=20000rs
time=5years
rate of interest =20%
so,
ci= p(1+r/100)to the power t
= 20000(1+20/100)^5
= 20000×120/100×120/100×120/100×120/100×120/100
=
49766.4 is the amount
and ci =amonut-p
=49766.4-20000
=29766.4
time=5years
rate of interest =20%
so,
ci= p(1+r/100)to the power t
= 20000(1+20/100)^5
= 20000×120/100×120/100×120/100×120/100×120/100
=
49766.4 is the amount
and ci =amonut-p
=49766.4-20000
=29766.4
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