Vary P=5100, R = 6% per annum, T= 4 years, A = ?
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Solution:
P = 5100
R = 6% per annum
T = 4 years
A = P(1+r/100)^n
=5100(1+6/100)^4
=5100(106/100)^4
=5100×106/100×106/100×106/100×106/100
=6438.63 (Taken till two Decimal places)
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