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What Would Be The Amount To Be Paid On The Principal Of 6500 Rs. At The End Of 2 Years At Compound Interest At The Rate Of 15 % Per Annum? |
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Answer»
No. of years = 2 RATE of interest = 15 Amount = P x (1+r/100)N, = 6500 x (1+15/100)2 = 6500 x (115/100)2 = 8596.25 Given principal = Rs. 6500 No. of years = 2 Rate of interest = 15 Amount = P x (1+r/100)n, = 6500 x (1+15/100)2 = 6500 x (115/100)2 = 8596.25 |
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