find the amount and compound interest on Rs 4000 in 2years at 10%per annum
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find the amount and compound interest on Rs 4000 in 2years at 10%per annum
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Answer:
On Calculation A we get, A=P(1+r100)n⇒A=4000(1+10100)2⇒A=P(1+110)2⇒A=4000(1110)2⇒A=4000×121100⇒A=4840 Rs. Hence the amount after 2 years will be 4840 and it'll only work as the principal amount for simple interest.
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