What will be the sum of 48000 amount in 2 years at a rate of interest 12.5 per annum if compounded annually?

For 1st year :
P = Rs. 48,000; R = 10 % and T = 1 year

Interest = Rs. `[48,000 xx 10 xx 1]/[100]` = Rs. 4,800

Amount = Rs. 48,000 + Rs. 4,800 = Rs. 52,800

For 2nd year :

P = Rs. 52,800; R = 10 % and T = 1 year

Interest = Rs. `[52,800 xx 10 xx 1]/[100]`= Rs. 5,280

Amount = Rs. 52,800 + Rs. 5,280 = Rs. 58,080

For 3rd year :

P = Rs. 58,080; R = 10% and T = 1 year

Interest = Rs.`[58,080 xx 10 xx 1]/[100]` = Rs. 5,808

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