Find compound interest to the nearest rupee on rs 7500 for 2 years 4 months at 12% compounded anually
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Answer:
A = 7500 (I +12/100) 2 (1 +4/100)
= 7500x(112/i00)^2 (104/100)
= 9784.32
Cl=9784.32-7500 = Rs.2284.32
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