Find the compound interest on Rs.8500 for 2 years at 8% per annum
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hey here is your answer
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Answer:
A=P (1+r/100)^no of years
8500(1+8/100)^2
=8500*27/25*27/25
=8500*729/625
= 6196500/625
=9914.4
C.I=A-P
=9914.4-8500
=1414.4
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