find the compound interest on rs 800 at 5% per annum for 2 years
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P = ₹800
T = 2y
R = 5%
A = P(1 + R /100)^T
= 800 × (105/ 100)^2
= 800 × 105/100 × 105/100
= 800 × 21/20 × 21/20
= 2 × 21 × 21
=881
Therefore, the amount is ₹881 and the compound interest is 881-800 = ₹81
T = 2y
R = 5%
A = P(1 + R /100)^T
= 800 × (105/ 100)^2
= 800 × 105/100 × 105/100
= 800 × 21/20 × 21/20
= 2 × 21 × 21
=881
Therefore, the amount is ₹881 and the compound interest is 881-800 = ₹81
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