Find the amount of Rs. 12500 for 2 years compounded annually, the rate – InterviewSolution

1.	Find the amount of Rs. 12500 for 2 years compounded annually, the rate of interest being 15% for the first year and 16% for the second year.
Answer» Find the amount of Rs. 12500 for 2 years compounded annually, the rate of interest being $15 %$ for the first year and $16 %$ for the second year.

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