Calculate the amount and compound interest on
1.
(a) 10,800 for 3 years at 12% per annum compounded annually.
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Answer:
Simple Interest= PRT/100
P= Rs. 10,800, R=12%, T=3 years
= 10,800×12×3/100
=3,88,800/100
= 3,888
Amount= P+SI
= 10,800+3,888
=14,688
Therefore, SI= Rs. 3,888 AND Amount= Rs. 14,688
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