Calculate the compound interest on ₹15625 for 1.5 years at 8% per annum, compounded semi-annually
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when compounded semi annually , rate gets divided by 2 and time gets multiplied by 2
So here, rate=8/2=4 , time=(1/2) (2)=1 year
CI = A + P
A= P(1+4/100)
=15625(52/100)=16250
CI= Rs.16250 +Rs. 15625
=Rs. 31875
So here, rate=8/2=4 , time=(1/2) (2)=1 year
CI = A + P
A= P(1+4/100)
=15625(52/100)=16250
CI= Rs.16250 +Rs. 15625
=Rs. 31875
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