Calculate the compound interest on ₹20000 for 1 1/2 years at 10% per annum, compounded semi annually
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Step-by-step explanation:
Principal (P) = ₹ 20,000
Time (t) = 1. ½ Years = 3/2 years
Rate (r) = 10%
Amount = P × (1 + (r/2 × 100)) n × 2
= ₹ 20,000 × (1 + (10/200) 3/2 × 2
= ₹ 20,000 × (210/200)3
= ₹ 20,000 × 21/20 × 21/20 × 21/20
= ₹ 23,152.50
C.I. Amount – Principal
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