find the amount and compound interest for RS7500 for 9 month at 12% per annum
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Simple Interest = (P×R×T)/100
============(7500× 12 ×9/12 )/100
==============675 rupees
Amount = P+SI= 8175 rupees
Compound interest works after 1 year if interest rate is per annum..
============(7500× 12 ×9/12 )/100
==============675 rupees
Amount = P+SI= 8175 rupees
Compound interest works after 1 year if interest rate is per annum..
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