calculate the amount and the compound interest on rupees 6000 at 10% per annum for 1 and half year when the interest is compounded half-yearly using formula
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The compound interest on Rs. 6000 at 10% per annum for one year ,compounded half-yearly is
=6000×(1+ 2×100 ) 2−6000
=6000× 2021 −6000
=6615−6000=615.
So the compound interest is Rs. 615.
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