2. Chintamani took a loan of 20000 from a private finance company at the rate of 12%, compounded annually for 3 years and gave this amount to his friend Murti at same rate for same time, compounded half-yearly. How much did Chintamani earn in this transaction?
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Answer:
Si =P×R×T/100
20000×12×3/100
200×36
7200
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