p= 500 r= 12per cent and n= 2years. find the amount and C.I?
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P=500
R=12%
T=2yrs.
C. I. for first year=P×R×T/100
=500×12×1/100
=60
A=P+CI
=500+60
=560
P=560
CI FOR SECOND YEAR=P×R×T/100
=560×12×1/100
=67.2
A=560+67.2
=627.2
Total CI=60+67.2
=127.2
R=12%
T=2yrs.
C. I. for first year=P×R×T/100
=500×12×1/100
=60
A=P+CI
=500+60
=560
P=560
CI FOR SECOND YEAR=P×R×T/100
=560×12×1/100
=67.2
A=560+67.2
=627.2
Total CI=60+67.2
=127.2
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