2. Find the amount and the compound interest on 31,250 for 3 years at 12% p.a.
compounded annually.
Answers
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Step-by-step explanation:
using short trick sorry for this
12+12+12×12/100
24+144/100
24+ 1.44
= 25.44
25.44 + 12 + 25.44×12/100
37.44+ 3.05 % of 31250
40.5% approx of 31250
12656.25
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