The amount on Rs. 50,000 for 2 years at 10% per annum
compounded annually is
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Answer:
compounded annually for certain period of time is 10,500
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p=50000
t=2yrs
r=10%
ci=prt/100
ci=50000x10/100
ci of 1st yr = 5000
ci=55000x10/100
ci of 2nd yr = 5500
amount = 60500 Ans
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