Question

The compound interest on Rs. 50000 at 4% annum for 2 years compounded annually is *​

Answer 1

Answer:

so the compound interest we got is 4080

Step-by-step explanation:

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Answer 2

Answer:

Rs 408

Step-by-step explanation:

Given

Principal (P)= Rs 5000

Rate of interest= 4%

Time (n)=. 2year

compound interest=[CI]

solution:

CI = P(1+R)^N - P

CI= 5000(1+4)^2 - 5000

CI= 5000 ( 1+0.04)^2 - 5000

CI= 5000× 1.0816-5000

CI= 5408-5000

CI = RS 408

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