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Find CI on Rs 12600 for 2 years at 10% per annum compounded annually.

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Find CI on Rs 12600 for 2 years at 10% per annum compounded annually.
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Here, Principal amount, `P = 12600` Rs
Time, `t = 2` years
Rate `r = 10%` per annum
So, Amount, `A = P(1+r/100)^t` `A = 12600(1+10/100)^2`
`A= 12600**11/10**11/10= 15246` Rs
So, `C.I. = A-P = 15246-12600 = 2646` Rs
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