the compound interest in rs 600 at 10 percent p.a. for 2 years would be
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Principal=Rs.600
Rate=10%p.a
Time=2 years
Amount= Principal×[ 1+R/100]^2
600×[1+10/100]^2
600×[110/100]^2
600×11/10×11/10
=>Rs.726
Compound interest=Amount - Principal
= Rs. (726-600)
=Rs.126
Hence,Compound Interest=Rs.126
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