Find the amount and the compound interest on rupees 12000 for 2 years at 7.5 % per annum interest reckoned yearly
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principal (p) = Rs.12000 , rate of interest = 7.5% , time = 2years
SI = PTR/100 = 12000(2)(7.5)/100 = 1800
∴ Amount = principal + Interest = 12000+ 1800 = Rs.13800
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