An amountof 12,000 is deposited at a rate of 10% per annum at compound interest find the interest and the total amount due at the end of 5 year
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C.I = Amount - principal
Amount = 12000×(1+1/10)^5
=12000×11/10×11/10×11/10×11/10×11/10
=1932612/100
=19326.12
C.I=19326.12-12000=7326.12
Amount = 12000×(1+1/10)^5
=12000×11/10×11/10×11/10×11/10×11/10
=1932612/100
=19326.12
C.I=19326.12-12000=7326.12
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