What is the compound interest of 50000 after 2 years as per 65 6% per annum
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Answer:
Amount= Rs 1,37,116.8
Compound Interest= Rs 87,116.8
Step-by-step explanation:
Principal= Rs 50,000
Time (n) = 2 Years
Rate = 65.6%
Amount= P(1+ R/100) Whole Power n
Compound Interest= Amount - Principal
Therefore, compound Interest on 50000 after 2 years at 65.6% per annum is Rs 87,116.8
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