(i) Aminur has taken a loan of Rs. 64,000 from a bank. If the rate of inrtrest be 2.5 paise per rupee per annum
calculate the compound interest payable after 2 years.
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Loan=Rs 64000
% of interest = 2.5%
A =P (I +rloo )2
= 64000 (1 +2.5/100)^2
64ooox I.02x1.02
= 66586
Cl=66586-64ooo = Rs 2586
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