Find the amount and compound interest on Rs 2,50,000 for 3 years at 12 % per annum compounded annually
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Answer:
Step-by-step explanation:
A=P(1+R)ⁿ
A=250000(1+12/100)³
A=250000(1.12)³
A=Rs. 351232
Interest = A-P
=351232-250000
=Rs. 1,01,232
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