calculate the simple and compound interest at 5% annual rate on rs 12000 after 2 year
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Answer: Rs 1356 Complicated though
Step-by-step explanation:
P=Rs.12000,Time=2 Years,Rate=5% and 6%
A=P(1+ 100R ) T
⇒12000(1+ 100 5 )(1+ 1006 )
⇒12000× 100105 × 100 106
⇒13356Rs
C.I=A−P
⇒13356−12000=1356Rs.
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