Calculate the amount and the interest on a sum of ₹88,000 invested for 1 year at 5% rate of interest p.a. compounded half yearly.
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Answer:
principal =₹88000
rate=5%
time =1 year
s.I= p×R×T/100
88000×5×1/100
s.I =4400
Amount=S.I +principal
=4400+88000
=924000 Answer
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