Find the compound interest on rupees 2000 invested at the rate of 5 p.c.p.a.for 2 years......
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Answer:
₹420is the correct answer
Step-by-step explanation:
Here,p=2000
R=5T=2
A=p(1+r/100)power n
=200(1+5/100)power2
=2000.22/20.22/0
=2420
C.I=(amount-principal)
C.I=₹(2420-2000)
=420; answer
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