find the compound interest on rs 75000 at 4% per annum for 2 years, compound annually
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Step-by-step explanation:
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Step-by-step explanation:
75000(1+4/100)²
75000(26/25)²
75000 ÷ 100 × 4 × 26 ÷ 25 × 26
750 × 4 × 26 ÷ 25 × 26
30 × 4 × 26 × 26
120 × 26² => 676 × 3 × 10 × 4
6760 × 2 × 2 × 3 = 13520 × 2 × 3
27040 × 3 = 81120
Interest = ba - b_a
= 81120 - 75000
6120 is the amount of interest
and 81120 is the amount
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