A man took a loan of Rs.5000 at 12% ci per anum.find the amount to be paid after 8 months if thecinterest is compounded every 4 months.
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Answer:
618
Step-by-step explanation:
rate will be half coz it is asking ci half yearly -12/2=6
the time will be -8/4=2
so, A= 5000x(1+6/100) iska square
=5000x53/50x53/50
=5618
CI=A-P
=5618-5000
=618
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