1.

How much compound interest is earned by investing 20 000 for 6 years at5% per annum compounded annually.?

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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