Find Compound interest on Rs.50,000/ in 2yrs at the rate of 12 p.c.p.a?
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5
Answer:
C.I = Amount - principal
= > P {( 1 + r/100 )^t - 1 )
CI = 50,000 (1 + 4/100 )^2 - 1 )
C.I = 4080
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