Kavya deposited 20000 at 7% rate of compound interest for 2 years with Prime finances. find what total sum would see receive at end of the period.
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p= rs 20000
r=7
n=2 years
A=?
A=p(1+r/100)^n
A= 20000(1+7/100)^2=rs22898
c.i = A-p= 22898-20000= rs2898
ans is A = rs 22898
r=7
n=2 years
A=?
A=p(1+r/100)^n
A= 20000(1+7/100)^2=rs22898
c.i = A-p= 22898-20000= rs2898
ans is A = rs 22898
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