Find the compound interest on rupees 3200 at 2.5%p.a for 2years, compounded annually.
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Step-by-step explanation:
p(1+r/100)^2-p
=3200× (1+2.5/100)^2-3200=3200×(1+25/100)^2-3200
=3200×25/16-3200=200×25-3200
5000-3200
1800
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