Find the interest on 64000 for 1 year 146 days at 5% per annum compounded annually
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the given 5%for 146 days
1 year = 365
by problem 146 days =5%
146×2.5 = 5 × 2.5
365=12.5%
so for a year the interest is 12.5%
then total money is
64000 + 5120 = 69120
1 year = 365
by problem 146 days =5%
146×2.5 = 5 × 2.5
365=12.5%
so for a year the interest is 12.5%
then total money is
64000 + 5120 = 69120
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