calculate the amount and compound interest on rs 16000 for 1 year at 15%per annum compounded half yearly
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It is calculated as under - Interest rate per annum - 10% No of rests per annum - 1 for annual, 2 for half year, ... 16000 x 1.05 x 1,05 x 1,05 - 16000 = 2522/ ...
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