Find the compound interest on rs 5000 for 1 year at 8% per annum , compounded annually
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P= rs5000
T=1 year
R=8%
C.I.=P{(1+R/100)-1}
=5000{(1+8/100)-1}
=5000{(100+8/100)-1
=5000(108/100-1)
=5000(27/25-1)
=5000(27-25/25)
=5000×2/25
=Rs400
I hope I helped you
T=1 year
R=8%
C.I.=P{(1+R/100)-1}
=5000{(1+8/100)-1}
=5000{(100+8/100)-1
=5000(108/100-1)
=5000(27/25-1)
=5000(27-25/25)
=5000×2/25
=Rs400
I hope I helped you
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