)Find the amount to be paid at the end of 2 years, if principal is Rs. 5000 and rate of interest is 12% pa. Fast with step by step
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P= 5000 , t=2 years
SI= PRT/100
SI = 5000x12x2/100
SI = 1200
Amount = SI+ Principal
Amount = 5000+1200
= Rs. 6200
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