arrush invested rs.60,000at an intreset rate of 12%per annum coumpounded annually what amount would he get after 2 years
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Given principal amount Arrush invested = Rs. 60,000
Given rate of interest = 12% p.a (per annum)
Given time period = 2 years
Simple interest = PxRxT/100
= 60,000 x 12 x 2 / 100
= 600 x 12 x 2
= 1200 x 12
= Rs. 14,400
Amount of money Arrush will get = Simple interest + Principal amount
⇒ Rs. 14,400 + Rs. 60,000
⇒ Rs. 74,400
∴ Arrush will get Rs. 74,400 at the end
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