the compound interest on rs 5500 at 8% per annum for 2 years compounded annually is
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Answer:
P=Rs.5000,r=8%,t=2
CI=P[1−(1+
100
r
)
t
]
⟹CI=5000[1−(1+
100
8
)
2
]
⟹CI=Rs.832
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