Calculate tha amount and compound interst on rs62500 for 112 years at 8percent per compounded halferly
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Principal (P) = Rs 62,500 Rate = 8% per annum or 4% per half year Number of years = 1 1/2 There will be 3 half years in 1 1/2 years. A = p(1 + R/100)n = Rs [62500(1 + 4/100)3] = Rs (62500 x 26/25 x 26/25 x26/25) = Rs 70304 C.I. = A − P = Rs 70304 − Rs 62500 = Rs 7,804
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