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Find the amount if Rs 2,000 is invested for years at 4% per annum compounded annually. Also, find the compound interest. |
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Answer» A = P(1+r/1*100)1Step-by-step explanation:time = 1 yrr= 4% annuallyP= 2000A= 2000(1+4/100)1A= 2000*104/100A= 20*104= 2080CI = A-PCI = 2000-2080= 80 |
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