What sum will become rs 2025 in 2 years at 12.5 per annum compound interest?
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Ans➡️ Principal= Rs x
Rate of interest= 12.5%
Tenure= 2 years
According to the question,
Amount= P[1+(R/100)]^n ; where n= time
2025 = x[1+(12.5/100)]^2
2025 = x[1+0.125]^2
2025 = x[1.125]^2
2025 = x[1.265625]
1600 = x
Therefore, Rs 1600 is the sum which will become Rs 2025 in 2 years at 12.5% per annum compound interest.
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