A man invest 12000 for two years at a certain rate of interest, compounded annually. At the end of one year, it amounts to 13200. Calculate:
(i) the rate of interest per annum
(ii) the amount at the end of second year (iii) the compound interest earned in 2 years.
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rate = 10%
ammount at the end of 2nd year = 14520
ci= 2520
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