1. How much will be the compound interest to be paid on a principal amount of rs 53000 after 2 years at the rate of 4 p.c.p.a ?






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  • By: anil on 05 May 2019 01.25 am
    Principal + Interest = (1+r)^n where, r= rate of interest in decimal n= number of years Total amount = 53,000+(1+.04)^2= 57324.8 Interest = 57324.8-53000=4324.8
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