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Answer:
RS.13440
Step-by-step explanation:
Principal= 16000
Time= 2 year
R1= 10%
R2= 12%
CI for the first year= 16000*10*1/100
= 1600
Amount of the first year= 16000+1600
= 17600
17600-5600=12000
CI for the second year= 12000*12*1/100
=1440
Amount of the second year= 12000+1440
=13440 Rs
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here is your answer
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