Find the amount of Rs.45000 after 2 years, compounded annually, the rate of interest being 4% p.a. during first year and 12% p.a during
second year.
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Answer:
52200
Step-by-step explanation:
first year=4%=4/100
4/100*45000=1800
second year=12%=12/100
12/100*45000=5400
45000+first year+second year
45000+1800+5400=52200
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