Amit deposited a sum of 50,000 in a bank for 2 years compounded half yearly at 10% annum. Find the compound interest he gets.
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Answer:
A= ₹ P (1+R/ 100)n
A =₹ 50000 (1+10/100)2
A = ₹50000(11/10)2
A = ₹50000×11/10×11/10
A = ₹60500
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