calculate the amount and the compound interest on rupees 10000 for 1 year at 8% per annum compound half yearly...
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Step-by-step explanation:
I am using short trick
as there is two half year so rate will be 8+8
= 8+8+8×8/100
16+64/100
16+0.64% of 10000
= 16.64% of 10000
= 1664 Rs
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