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Solution
Principal (P) = Rs. 12500
Rate (R_1) =15% p.a for first year.
R2=16% p.a for second year
Period = 2 years.
∴ Amount =P(1+R1100)(1+R2100)
=Rs.12500(1+15100)(1+16100)
=Rs.12500×115100×116100=Rs.16675
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Updated On: 27-06-2022
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