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The simple interest on a sum of money for 12 years at 8% per annumis 1875. What will be the compound interest on the same sum at the samerate for the same period, compounded half-yearly? |
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Answer» <P>Answer: 51.25 rs Step-by-step EXPLANATION: Let the sum=P Rs. S.I=50 Rs. Rate of interest=5 % Time =2 years. S.I= 100 P×R×T
50= 100 P×5×5
P= 5×2 50×100
=500Rs. C.I. of 500 Rs Amount=500(1+ 100 5
) 2
⇒500× 100 105
× 100 105
⇒500× 20 21
× 20 21
⇒551.25 C.I=551−500−51.25Rs. |
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