A sum of Rs 1250 is deposited in a bank at 8% rate of p. a compounded half yearly for 1 year. What will be the intrest earned in a year?
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Step-by-step explanation:
Principal- 1250 r=8%per annum r= 8/2=4% per- half yearly time =1 year time=1×2=2 half yearly. CI=1250×
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