Find CI on ₹12600 for 2 years at 10% per annum compound annually
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Solution :
Here, Principal amount, P=12600 Rs
Time, t=2 years
Rate r=10% per annum
So, Amount, A=P(1+r100)t A=12600(1+10100)2
A=12600∗1110∗1110=15246 Rs
So, C.I.=A−P=15246−12600=2646 Rs
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