9. Find the compound interest at the rate of 14%per annum for 1 year on a sum of12,000
compounded half-yearly.
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You have learned about the simple interest and formula for calculating simple interest and amount. Now, we shall discuss the concept of compound interest and the method of calculating the compound interest and the amount at the end of a certain specified period. We shall also study the population growth and depreciation of the value of movable and immovable assets.
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