calculate the amount and ci on 12500 for 2 years at 8% p. a
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hope it's helpful took too much time to write pls mark as brainliest
Step-by-step explanation:
Principle =Rs.12500, Time period =9 months
1 quarter =3 months
3 quarter =9 months
Time period =3 quarters
Rate of Interest =8% per annum
1 annum =4 quarters
Rate of Interest =2% per quarter
Amount = Principle×[1+ rate of intrest/100]^time period
= 1250×[1+2/100]^3
=12500×(1.09)^3
Amount=Rs.13265
Compound Interest=Amount − Principle
=Rs.13265−Rs.12500
Compound Interest=Rs.765
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