find compound interest on 125000 for 2 years at 12% per annum compounded annually
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2
Answer:
31800
Step-by-step explanation:
p = 125000
t=2
r = 12
ci = x
x= 125000*1*12/100
15000
amount end of 1st year 125000 + 30000
140000
p of 2 nd year
140000*1*12/100
16800+140000
156800 amount end of 2 nd year
ci = 156800-125000
31800
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