What will be the compound interest on 4000 Rs. In 2 years when rate of interest is 5 % per annum ?
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Answered by
2
Answer:
the correct ans will be 410rs.
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Answered by
2
Answer:
Step-by-step explanation:
compound interest formula = p(1 + r/100)^t
= 4000(1 + 5/100)^2
=> 4000(21/20)^2
=> 4000 * 21 * 21 / 400
=> 21*21*10
=> 4410
now c.i = final amount - principal
= 4410 - 4000
=> 410 Rs.
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