Mukesh deposits a sum of 14,000 in a bank for 2 years, compounded annually at 6% per annum.find
the compound interest he gets.
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Answer:
A=p(I +r/100)n
A = 14ooo (I +6/100) 2
A = 14000x1.06x1.06
A=15730
cl=15730-14ooo =1730
Cl=Rs 1730
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