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find the compound interest on rupees 14,000 for 1 whole 1/2 years at 12 p.a. if the interest is compound half yearly |
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Answer» Answer: 1730.4 Step-by-step explanation: RATE of interest = 12% per YEAR = 6% for 1/2 year p=14,000 T=1 year = 2× 1/2years n=2 A=p(1+r)^n =14000(1+6%)^2 =14000× (1.06^2) =15730.4 compound interest = 15730.4-14000=1730.4 |
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