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What Would Be The Compound Interest Accrued On An Amount Of 10000 Rs. At The End Of 2 Years At The Rate Of 4 % Per Annum? |
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Answer» GIVEN principal = 10000 No. of YEARS = 2 Rate of interest = 4 Amount = P [ 1 + ( R / 100 )n] = 10000 x [1 + (4 / 100)2] = 10000 x (104 / 100)2 = 10000 x (104 / 100) x (104 / 100) = 104 x 104 = 10816 COMPOUND Interest = Amount - Principal = 10816 - 10000 =816 Given principal = 10000 No. of years = 2 Rate of interest = 4 Amount = P [ 1 + ( r / 100 )n] = 10000 x [1 + (4 / 100)2] = 10000 x (104 / 100)2 = 10000 x (104 / 100) x (104 / 100) = 104 x 104 = 10816 Compound Interest = Amount - Principal = 10816 - 10000 =816 |
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