find the compound interest on rupees 2500 at 10% per annum for 5 by 2 years compounded annually
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Answer:
525 is the compound intrest
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1
Answer:
CP on 1st year
p×r×t/100
2500×5×1/100
125 rupees
amount at the end of first year
= 2500+125
=2625 rupees
CP on second year
p×r×t/100
2625×5×1/100
=631.25
amount at the end of second year = 2625+631.25
= 3256.25 rupees
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