Question

what is the compound interest on rs 200000 for 2 years at 5 percent annual rate of interest
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Answer 1

Answer:

we know that,

1. amount = principal(1+rate/100)n
2. A=200000(1+5/100)2
3. A=200000 (1+20)2
4. A=200000 (21)2
5. A=200000 ×21×21
6. A=200000×431
7. A=86200000

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