Find the compund intreston ₹8000 at12.5 %per annum for two year compund annually
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Answer:
Amount= Principle (1+R%) time( in the Power form)
Amount= 8000(1+ 12.5%) 2( in the Power form)
Amount= 8000(112.5/ 100)2( in the Power form)
Amount= 8000 x 112.5/100 x 112.5/100
Amount= 10125
Compound Interest= Amount - Principle
Compound Interest= 10125 - 8000
Compound Interest= 2125
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