The simple interest on a certain sum of ...

The simple interest on a certain sum of money for 3 years at 5% per annum is Rs 1,200. Find the amount due and the compound interest on this sum of money at the same rate and after 2 years, interest is reckoned annually.

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The correct Answer is:

Rs 8,820 and Rs 820

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ICSE-COMPOUND INTEREST (USING FORMULA)-EXERCISE 3(E)

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