Find CI on Rs. 12500 for 2yrs at 12% per annum compounded annually.
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Answer:
interest for first year=12500*1*12/100=1500
Si for first year=12500+1500=14000
interest for 2 year=14000*1*12/100=1880
Si for 2 year =14000+1880=15880
compound interest=15880- 12500=3380
Si =15880 Ci =3380
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