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The compound interest on ₹ 5000 at 12% p.a for 2 years compounded annually is ……….. |
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Answer» ₹ 1272 Compound Interest (Cl) formula is Cl = Amount – Principal Amount = A (1 + r/100)n = 5000 (1 + 12/100)2 = 5000 (1 + 112/100)2 = 6272 ∴ Cl = 6272 – 5000 = ₹ 1272 |
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