what is the compound interest on rs. 30000 at 7% p.a for 2 years
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Answer:
ans is 4200
Step-by-step explanation:
p is 30000, r is 7, t is 2 so interest is prt/100
30000X7X2/100= 4200.
amount is 30000+4200= 34200
compound interest is 34200- 30000= 4200
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