calculate the compound interest on ₹3500.forfirt 2years at8%pa interest paid half_yearly ,12%pa for the third year interest compounded annually and 15%pa for the fourth year interest compounded annually. find the earning at the end of 4years
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hi mate here is your answer
A=P(1+
100
R
)
n
P= Rs 35000, Time, n= 3 half years, R= 12% p.a= 6% per half yearly
A=35000(1+
100
6
)
3
A=35000(
100
100+6
)
3
A=35000(
100
106
)
3
A=35000(
50
53
)
3
A=Rs41685.56
CI=41685.56-350000
CI=Rs6685.56
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