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The compound interest for a principal of Rs. 25,000 at 12% for a period of 2 years is:
(1 Point)
Answers
Answered by
0
Answer:
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Step-by-step explanation:
25000*12/2
Answered by
1
Answer:
6360
Step-by-step explanation:
compound interest = P [( 1 + R/ 100 ) power n - 1 ]
= 25000 [( 1 + 12/ 100) power 2 - 1 ]
= 25000 [ ( 1 + 3/ 25) power 2 - 1 ]
= 25000 [( 25/25 + 3/ 25 ) power 2 - 1 ]
= 25000 [ ( 28 / 25 ) power 2 - 1 ]
= 25000 [ (784 / 625 ) - 1 ]
= 25000 [ ( 784 - 625) / 625]
= 25000 [ 159 / 625]
= 6360
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