Find the compound interest when the principal is 77000, the rate of interest is 6
per annum and the period is 2 years.
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principal => 77,000
rate => 6 p.a.
time => 2 years
A = p(1+r)ⁿ
A = 77000(1+6/100)²
77000 × 106 × 106
A = ------------ ------- --------
1 100 100
A = 86,517.2
CI = A - P
CI = 86,517.2 - 77,000
CI = 9,517.2 RS.
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