Calculate compound interest on Rs 6000 in 3/2 years at 10% per annum compounded half yearly
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Answer:
945.75
Step-by-step explanation:
As we know
A=P(1+R/200)^n×2
A=6000(1+10/200)^3
A=6000×5/100×5/100×5/100
A=6945.75
As we know
C.I.=A-P
C.I.=6945.75-6000
C.I.=945.75
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