find the compound interest for ₹ 12000 at rate 12 percent for 2 years. also find the amount to be paid after 2 years
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Answer:
3052.8
Step-by-step explanation:
Amount = 12000(1+12/100)^2
= 12000(28/25)^2
= 12000(784/625)
= 15052.8 Rs
CI = 15052.8 - 12000 = 3052.8
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