9. Find the amount to be paid at the end of 3 years in each case:
(a) Principal = 1,200 at 12% p.a.
(b) Principal =37,500 at 5%p.a.
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Step-by-step explanation:
(a)Interest= 1200×12×3/100= 432
Amount= Principal+Interest
= 1200+432
= 1632
(b)Interest= 37500×5×3/100= 5625
Amount= Principal+Interest
= 37500+5625
= 43125
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