4. If Sunita borrowed 12,500 from a bank for 2 years at the rate of 8% p.a. compound interest,
Find the amount she has to repay the bank after 2 years.
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Step-by-step explanation:
p= 12500
n=2
r= 8%
a= p(1+r/100)^n
= 12500(1+8/100)^2
=12500x 108 X 108 /(100x100)
=14580
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