Rahman lent Rs 16000 to Rasheed at the rate of 12 1
2% per annum compound interest. Find the amount payable by Rasheed to Rahman after 2 years.
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Answer:
16000×98×98×98=Rs. 22781.25. Rahman lent Rs 16000 to Rasheed at the rate of 12 1 2 % per annum compound interest.
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