ffind the compound interest on rupees 12000 for 2 years at the rate of 7.5 per annum
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Answer:
principal (p) = Rs.12000 , rate of interest = 7.5% , time = 2years
SI = PTR/100 = 12000(2)(7.5)/100 = 1800
∴ Amount = principal + Interest = 12000+ 1800 = Rs.13800
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Answer:
p= 12000 r = 7.5 p.a. t = 2 years
si = ptr/100 = 12000 x 2 x 7.5 /100 = 1800
amount = p + i = 12000 + 1800 = 13800
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