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Formula for CI

Find the CI...

Question

Find the $C I$ on $R s .30, 000$ at $12 % p . a .$ for $2$ years.

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Solution

Amount with CI
$= 30, 000 {(1 + \frac{12}{100})}^{2}$
$= 37632 R s$
Therefore
$C . I = 37632 - 30000$
$= R s . 7632$

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