Give solution for - the amount of ₹28000 at 5% compound intrest in 2 years will be-
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Answer:
Rs 30870
Step-by-step explanation:
Amount after 1 year = 28000 + (28000*5*1)/100
= 28000 + 1400
= 29400
Amount after 2nd year = 29400 + (29400*5*1)/100
= 29400 + 1470
= 30870
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