find the compound interest on the following principal =2800, rate%p.a.=10%,number of years =1 by 1 upon 2
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compund intrest=P(1+R/100)^year
given P=2800
R=10
time=1 year
so apply in the form..
CI=2800(1+10/100)^1=3080 is the ans..
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