Shubhalaxmi took a loan of Rs 18000 from Surya Finance to purchase a TV set. If the company charges compound interest at 12% per annum during the first year and 12 1/2% per annum during the second year, how much will she have to pay after 2 years?
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Q. 18000×(1+12/100)=(1+12.5/100)
= 18000×56/50×1125/1000
= 22680
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