What sum will amount to Rs.3600 in 2 years at 10% per annum compound interest?
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SI= pnr/ 100
For the first year,
= 3600×10×1/100
= ₹360
For the second year,
p=360
= 360×10×1/100
= ₹36
Hence the amount is = 360+36
= ₹396
Hope it is correct....
For the first year,
= 3600×10×1/100
= ₹360
For the second year,
p=360
= 360×10×1/100
= ₹36
Hence the amount is = 360+36
= ₹396
Hope it is correct....
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