Veena deposited 10000 rupees in a bank which gives 7% interest compounded annually how much would she get back after 2 years
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Step-by-step explanation:
principle =10000
rate=7% p.a
time=2 years
Amount= p(1+r/100)^n
= 10000(1+7/100)^2
= 10000(107/100)^2
= Rs.1,144.9.
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