1. ₹30,000 is invested for some period at 8% p.a. to earn ₹2400 as the simple interest. If the same sum is invested for the same period at the same rate of interest compounded half-yearly, find the compound interest.
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For example, if a car turns a corner at constant speed, it is accelerating because its direction is changing. The quicker you turn, the greater the acceleration. So there is an acceleration when velocity changes either in magnitude (an increase or decrease in speed) or in direction, or both.
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