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find the amount and the compound interest on 8000 at 10%pa for 1 1/2 years if the interest is compounded half yearly |
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Answer» Answer: P= Rs 8000 R=10% p.a n=1.5 years When compounded half-yearly, We have: A=P(1+ 200 R ) 2n
A=8000(1+ 200 10 ) 3
A=8000(1.05) 3
A= Rs 9261 Also, CI=A–P= Rs 9261– Rs 8000= Rs 1261 |
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