Question

Ramesh borrowed 12,000 from Raman for 2 years at 12.5% per annum. Find the amount payable by
Ramesh at the end of 2 years when interest is compounded annually.​

Answer 1

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Answer 2

Answer:

1200 is the correct answer

Step-by-step explanation:

12000×12.5×2/100

so 120×12.5×2=. 12.5= 5

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.so 120×5= 600×2=1200

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