Question

find the compound intrest on ₹4000 for 2 yrs at 5%p.a
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Answer 1

Answer:

$rupees \: = 4000$

$time \: = 2 \: years$

$p.a \: = 5 \%$

$compound \: interest \: =$

$\frac{rupees \: \times time \times p.a}{100}$

$= \frac{4000 \times 2 \times 5}{1000}$

$= \frac{4000}{100}$

$= \frac{40}{1}$

$= 40$

$hence \: proved$

$compound \: interest \: = 40$

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