Calculate the amount if 12000 is invested at 12% 0a compounded annually for 2 years and also the compound interest
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A = P(1+i) ^n
A= 12000(1+0.12)^2
A = 12000(1.12)^2
A = 12000*1.2544
A = 15052.8
CI = A-P
CI = 15052.8 - 12000
CI = 3052.8
A= 12000(1+0.12)^2
A = 12000(1.12)^2
A = 12000*1.2544
A = 15052.8
CI = A-P
CI = 15052.8 - 12000
CI = 3052.8
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