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Rs 200 was got as interest from a bank for 2 years at the rate 5%. Compute the compound interest for the same principal for 2 years at the same rate of interest.

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Interest for 2 years = Rs 200

Interest for one year = Rs 100

Excess amount in the 2nd year as the compound interest

= 100 × \(\frac{5}{100}\) = 5

Compound interest for two years = Rs. 205

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