calculate the amount and compound interest if principal=4000 ,time= 2yrs and rate =5 percent ​

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calculate the amount and compound interest if principal=4000 ,time= 2yrs and rate =5 percent ​

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Maria 2 weeks 2021-10-04T14:47:16+00:00 1 Answer 0 views 0

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    2021-10-04T14:48:33+00:00

    Step-by-step explanation:

    Principal=₹4000

    Time= 2 years

    Rate=5% p.a.

    AMOUNT = ₹[P(1+R/T)^n]

    =₹[4000(1+5/100)^2]

    =₹[4000(105/100)^2]

    =₹[4000×105/100×105/100]

    =₹[4000×21/20×21/20]

    =₹[10×21×21]

    =₹4410

    C.I.= ₹[Amount – Principal]

    =₹[4410 – 4000]

    =₹410

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