find the compound interest on rupees 12000 at 8% p.a for two years
step by step explanation
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Step-by-step explanation:
P = 12000
r = 8/100 = 0.08
t = 2
A = ?
according to formula
A = P(1+r)^t
A = 12000(1+0.08)^2
A = 12000(1.1664)
A = 13996.8
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