If p=rs 2000,r=5 p.c.p.a and n=2years. Find amount and compound interest
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Answer:
P=Rs. 2000, R=5%, T=n=2,
Simple interest=
100
P×R×T
=
100
2000×5×2
=Rs. 200
Amount=simple interest+Principle Amount
=200+2000
A=Rs. 2200.
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