Subject-mans
Assignment
1. Find the amount and compound interest on Rs. 6000 for 2 years at
11% per annum compounded annually
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Answer:
- a=p(1+r/100)ñ
- a=6000(1+11/100)²
- a=6000(111/100)²
- a=6000x111x111/10000
- a=6×12321/10
- a=7392.60
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