what will be the compound interest on rs.4000 at 5% per annum of 2 years class 8
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Answer:
Rs.400
Step-by-step explanation:
Compound interest for 1 year=5% of Rs.4000
=5/100*4000
=Rs.200
1 year= Rs.200
So, 2 years compound interest=2*200
=Rs.400
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