A man deposited 40,000 at a rate of
12% p.a. compounded half-yearly for 1.5
years in a bank. Calculate the compound
interest at maturity.
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Answer:
C.I. =₹600
Step-by-step explanation:
Interest = Rate × Time
100
Interest = 40000× 1.5 = 40000 ×15
100 1000
C.I. = ₹ 600 (Answer)
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