Ques 1 Find 5he amount for rupees 15000 at 8 percent per annum compounded annually for two years.
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Given,
Principal (P) = 15000
Rate (R) = 8 % p.a.
Time (T) = 2 years
Now,
Amount (A)
= P × (1 + R/100)^n
Principal (P) = 15000
Rate (R) = 8 % p.a.
Time (T) = 2 years
Now,
Amount (A)
= P × (1 + R/100)^n
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