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Find the compound interest on Rs. 12000 ...

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

Text Solution

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p=12000Rs
r=12
n=10
`A=P(1+r/100)^n`
`A=12000(1+12/100)^10`
`A=12000(1.12)^10`
taking log both side
`logA=log12000+10log1.12`
...
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