find the compound interest on rupees 20000 at the rate of 10%per annum for 2 years the interest being payable halfyearly
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Step-by-step explanation:
CI=₹20000
Rate=10%
Time=2 years
A=P(1+R/200)^2
A=20000(1+10/200)^2×2
A=20000×(210/200)^4
A=20000×210/200×210/200×210/200×210/200
A=21×21×21×21/8
A=194481/2
A=₹97240.5
CI=A+P
CI=97240.5+20000
CI=₹117240.5
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