how long will it take for Rs 5000 invested at the rate of 8% per annum simple interest to
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Step-by-step explanation:
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Step-by-step explanation:
Given: P=5000,R=8%, T=2 years
Amount=P×(1+100R)T=5000×(1+1008)2=5000×(1.08)2=5832
CI=Amount–Principle=5832–5000=832
∴ Amount is Rs.5832 and compound interest is Rs.832
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