the simple interest on a sum of money for 2 years at 12% per annum is Rs. 1380 . Find the sum of money and the compound interest on this sum for one year payable half yearly at the same rate
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Step-by-step explanation:
S.I. = P×R×T/100
From the question ,the Rupees is equal to 1380 and the percentage of per annum is equal to 12% and the time was taken by them is 2 years
So, si = 2x12x1380/100= 331.2
331.2 will be the ans.
Hope it helps you
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