Salman deposit 1800 with a company at 18 % per annum compound interest for 2 year. calculate the amount he get after 2 year.
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Answer:
Rs.2506.32
Step-by-step explanation:
Principal (P) = Rs.1800
Rate (R) = 18% per annum
Time (n) = 2 years
Amount (A) = P (1 + R/100)ⁿ
=> A = 1800 (1 + 18/100)²
=> A = 1800 (59/50)²
=> A = 1800 × 59/50 × 59/50
=> A = Rs.2506.32
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