Find the compound interest on Rs 20000 for 2 years at a rate of 13⅔ per annum?
plz verify and solve it
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1
Answer:
⇒ A=P(1+
100
R
)
T
⇒ A=2000×(1+
100
10
)
2
⇒ A=2000×
100
121
⇒ A=Rs.2420.
∴ C.I.=A−P=Rs.2420−Rs.2000=Rs.420.
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