What will be the compound interest earned on an amount of 12000?
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Complete step-by-step solution - Note: Alternatively we can solve the question by using the simple interest method. But we will not get the same answer always instead we will get an approximate result. The method is done below. What is the compound interest of 12000?Thus, the compound interest on Rs. 12000 at 5 % p.a. for 3 years will be Rs. 1891.5.
What will be the compound interest earned on an amount of Rs 12000 for 2 years at the rate of 10% pa compounded annually?Hence, the compound interest is Rs. 2,520.
How much will 12000 amount to in 2 years at compound interest?⇒13356−12000=1356Rs.
What will be the compound interest earned on an amount of Rs 12500 in 2 years at 6% per annum?Detailed Solution. ∴ The compound interest is Rs. 2625.
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