Find the sum which earns an interest of Rs. 2000 at 5% p.a. for 4 years.
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Answered by
3
Step-by-step explanation:
Compound interest:
A=P(1+
100
r
)t
Given:Principal=Rs2000
r=5
t=2
A=2000(1+
100
5
)×2
A=2000×
100
105
×2
A=Rs.4,200
Answered by
3
Answer:
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