What sum of money will amount to Rs.13230 in 2 years time at the same rate of 5 per annum compounded annually
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A =p(1+r/100)™
13230=p(1+5/100)to the power 2
13230=p*21/20*21 /20
13230=p*441/400
p=13230*400/441
p=5292000/441
p=12000
13230=p(1+5/100)to the power 2
13230=p*21/20*21 /20
13230=p*441/400
p=13230*400/441
p=5292000/441
p=12000
shristy6:
is it correct
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