Calculate the amount if 18000 is invested at 15% per annum % compounded half yearly for 1 year
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I=18000
R=15percent
T=1 year
P=?
Step-by-step explanation:
I=p×r×T/100
18000=P×15×1/100
180=P×3×1/2
180=p×3/2
p=180×3/2
p=540/2
p=270
p=270
A=P+I
270+1800
A=2070
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