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Find the amount and compoud interest on Rps16000 for 9 months at the rate of 20percentp.a. compounded half-yearly |
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Answer» Step-by-step explanation: PRINCIPAL = Rs. 16000; Time = 9 months =3 quarters; Rate = 20% per annum = 5% per quarter. Amount = Rs. [16000 x (1+(5/100))3] = Rs. 18522.
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