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Find the compound interest for principle …

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Find the compound interest for principle is Rs. 40,000,rate of interest is 8 % p. a. Compounded annually if number of years is 2.

Posted by Gayathri M 6 years, 4 months ago

CBSE > Class 08 > Mathematics

2 answers

Kinshuk Jain 6 years, 4 months ago

Compound interest =p(1+R/100)^t =40000(1+8/100)^2 =40000(108/100)^2 =40000×108/100×108/100 =4×108×108 =Rs.46656

Gaurav Kumar 6 years, 4 months ago

3222.4

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