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The compound interest for first and second years is 200 and 220 on a certain amount. Find the sum.

The compound interest for first and second years is 200 and 220 on a certain amount. Find the sum.

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1 Answers

SAGAR SINGH - IIT DELHI
878 Points
13 years ago

Dear student,

Use

M = P( 1 + i )n

M is the final amount including the principal.

P is the principal amount.

i is the rate of interest per year.

n is the number of years invested.

 

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Sagar Singh

B.Tech, IIT Delhi

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