manu deposits 20000 in a bank. compound interest rate of the bank is 8 % yearly. calculate the interest obtained after 2 yrs
manu deposits 20000 in a bank. compound interest rate of the bank is 8 % yearly. calculate the interest obtained after 2 yrs
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See the formula p(1+r/100)²
so then the principle will come 116856 and minus it by 20000 the amount will come