find the amount and the compount interest if the interest is compound yearly. ₹ 2500 for two years at 12% per annum.
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Answer:
Amount (a) =p(1+r/100)^2
a=2500(1+12/100)^2
a=2500(100+12/100)^2
a=2500×112×112/100×100
a=3136.00
a=3136
Compound Interest(c.i)=3136-2500
C.I= 636
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