Find amount and compound interest on ₹ 125000 at 12% p.a. for 1 ½ year compounded
annually.
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Given,
Principal:- ₹ 125000
Rate of Interest:- 12% p.a
Time:- 1 ½ year
Amount :- P(1+r/100)²×³/²
= ₹125000( 1+12/100)³
= ₹125000( 112/100 )³
= ₹125000×112/100×112/100×112/100
= ₹(125×112×112×112) / 1000
= ₹175,616,000/1000
= ₹175,616
Compound Interest :- ₹( 175,616-125000)
= ₹ 50,616
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