Find C.I on Rs 12600 for 2 years at 10%per annum compounded annually.
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Given:
- Principal, P = Rs 12600
- Time, t = 2years
- Rate, R = 10% (per annum)
Find:
- Compound Interest
Solution:
where,
- P = Rs 12600
- R = 10%
- t = 2years
So,
we, know that
where,
- A = Rs 15246
- P = Rs 12600
So,
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