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How much compound interest is earned by investing 20 000 for 6 years at5% per annum compounded annually.? |
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Answer» = 20000(1+5/100)^6 = 20000*21*21*21*21*21*21/20*20*20*20*20*20 = 26,801.9125 CI = 26801.91 - 20000 = 6801.91 What is star there |
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