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A man borrowed Rs. 20000 for 2 years at 8% per year compound interest. Calculate: (i) the interest of the first year (ii) the interest of the second year (iii) the final amount at the end of second year (iv) the compound interest of two years |
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Answer» A man borrowed Rs. 20000 for 2 years at 8% per year compound interest. Calculate: (i) the interest of the first year (ii) the interest of the second year (iii) the final amount at the end of second year (iv) the compound interest of two years |
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