suraj borrowed rs 20000 from the bank of baroda for 2 years to buy a computer if the rate of interest is 12% per annum calculate the compound interest he has to pay at the end of 2 years
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Answer:
5088
Step-by-step explanation:
A=P[1+R/100]^n
A= 20000[1+12/100]²
A= 20000[1+3/25]²
A = 20000[25+3/25]²
A=20000[28/25]²
A = 20000[28×28/25×25]
A =20000[784/625]
A =15680000/625
A=25088
CI=A-P
CI=25088-20000
CI= 5088
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