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in Mathematics by (30.0k points)

A certain sum of money, invested for 5 years at 8% p.a. simple interest, earns an interest of ₹ 12,000. Find: 

(i) the sum of money. 

(ii) the compound interest earned by this money in two years and at 10% p.a. compound interest.

1 Answer

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Best answer

Rate (R) = 8% p.a.

Period (T) = 5years

Interest (T) = ₹12000

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