rs 62500 for 2 years 6 months at 12% per annum compounded annually.
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If value was 100, @ 12% annual compound interest.
After 1 year = 112%
After 2 years = 112*1.12 = 125.44
After 2.5 years = 125.44*1.06
= 132.9964
Here starting value is 62500.
Therefore, value after 2.5 years = 62500 * 132.9964/100 = 83104//
After 1 year = 112%
After 2 years = 112*1.12 = 125.44
After 2.5 years = 125.44*1.06
= 132.9964
Here starting value is 62500.
Therefore, value after 2.5 years = 62500 * 132.9964/100 = 83104//
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