Rs 62500 for 2 years and 6 months at 12% per annum compounded annually
by using the formula find the ques.
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Answer:
Principle = 62500
Time = 2Years 6Months
Rate = 12%
Step-by-step explanation:
C.I. = 62500(1 + 12/100) × (1 + 1/2 x 12/100)
= 62500(28/25)^2 × (53/50)
= 62500 × 28 × 28 × 53/25 × 25 × 50
= 83150
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