The amount paid for ₹750 at 12% per annum compounded yearly for 2 years is
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Step-by-step explanation:
p=₹750
r=12%
t=2 years
A = p(1+r/100)²
= 750(1+12/100)²
= 750[(25+3)/25]²
= 750(28/25)²
= (750*28*28)/25*25
= 58800/625
= ₹940.80
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