What is gets after 2 years? Find the compound interest on ? 3,000 at the rate of 6% per annum for years compounded half- 2. yearly. horrowed 320,000 from a money lender at the rate of 4% per annum for 1 years compounded 1
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Step-by-step explanation:
Amount =P(1+
100
r
)
n
Where P= principle, r= rate of internal n= time
Amount =320000(1+
400
20
)
4
=388962
Compound interest = Amount - principle
=388962−320000
=68962
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