calculate the amount and the compound interest on rupees 8000 in two and half years at 15% per annum
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for interest compounded anually ,
a=8000*(1+15/100)^2*(1+15/200)
=8000*115/100*115/100*215/200
=11373.50
ci = 3373.50
if it is said to calculate interest compounded half yearly , let me know either by commenting or mssging
a=8000*(1+15/100)^2*(1+15/200)
=8000*115/100*115/100*215/200
=11373.50
ci = 3373.50
if it is said to calculate interest compounded half yearly , let me know either by commenting or mssging
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