Calculate the amount and compound interest on
(a) ` 10,800 for 3 years at 12
1
2 % per annum compounded annually.
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Calculate the amount and compound interest on
(a) ` 10,800 for 3 years at 12
1
2 % per annum compounded annually.
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Answer:
10800×12=129600
2\100×129600
2592