Find the compound interest on Rs. 12000 for 10 years at the rate of 12% per annum compounded annually.

Explanation

To find the compound interest on Rs. 12,000 for 10 years at the rate of 12% per annum compounded annually, we can follow these steps:

### Step 1: Identify the variables
- Principal (P) = Rs. 12,000
- Rate of interest (R) = 12% per annum
- Time (n) = 10 years

### Step 2: Use the compound interest formula
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