Find the compound interest on Rs.2000 for two years at 5%per
annum.
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Step-by-step explanation:
so, I = 100P×R×T=100Rs. 2100×5×1=Rs. 105.
The amount after the second year =Rs. 2100+Rs. 105.
=Rs. 2205.
Final amount =Rs. 2205.
=Rs. 2205−Rs. 2000=Rs. 205.
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