Find the amount and compound interest, if Rs.3500 is invested for 2 years at 14% Compound Interest.

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Anna · Answer

Answer:   Rs.1048.6     Step-by-step explanation:   P=Rs.3500  R=14%  T=2years  amount=p(1+r/100)^n  =3500(1+14/100)²  =3500×114/100×114/100  =Rs.4548.6  Compound intrest=4548.6-3500=Rs1048.6

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