principal = rupees 5,000
rate percent 10%
number of years= 2 years
find the compound interest
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Answer:
Compound interest = P(1+R/100)^T-P
Where P (Principle) = 5000
R(Rate of interest)= 10
T(Time) = 2
Putting the values
CI= 5000*(1+10/100)^2–5000
= 5000*110/100*110/100 -5000
= 50*11*11–5000
= 6050–5000
=1050
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