The amount of money in an account after 2 years, when Rs. 10,000 is deposited as Compound interest at 8% per annum is??
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Hey there!
For Compound Interest the formula of calculating Amount (A) is given,
A= P(1 + R/100)^n
where,
A = Amount
P = Principle
R = Rate
n = No. of years
COMPLETE SOLUTION IS DESCRIBED IN THE ABOVE PIC.
Hope it helped
#EshanSingh1
For Compound Interest the formula of calculating Amount (A) is given,
A= P(1 + R/100)^n
where,
A = Amount
P = Principle
R = Rate
n = No. of years
COMPLETE SOLUTION IS DESCRIBED IN THE ABOVE PIC.
Hope it helped
#EshanSingh1
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GeniuSk101:
Aww-some answer Dude!!
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