Antima borrowed 50000 for 1 year 3 month at 12% per annum compounded annually how much money will she have to pay back to the settled account
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Answer:
This is a very easy sum .
Step-by-step explanation:
Principle amount = Rs. 50,000
Time = 1 year 3 months = 1 and 1/4 years
Rate of interest = 12 % p.a.
And then use the formula and do
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