Calculate the amount if Rs 12000 is invested at 12%p.a compounded annually for 2 years. Also find the compound interest.
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A=P(1+R/100)^N
A=12000(1+12/100)²
A=12000(1+3/25)²
A=12000(25/25+3/25)²
A=12000(28/25)²
A=12000×28/25×28/25
A=15,052.8 rupees
C. I = A-P
=15,052.8 - 12000
=3,052.8 rupees
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