calculate the compound interest on rupees 1600 for one year and half years at 10% per annum when the interest compounded half yearly
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3
Answer: hi
Step-by-step explanation: see in the Google
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Step-by-step explanation:
rate of interest=8% per annum=4% per half year
interest for the first half year=1600×5×1/100
=Rs 80
amount at the end of first half year=Rs 1600+80
=Rs 1680
interest at the end of the second half year
=1680×5×1/100
=Rs 84
amount at the end of the second half year
=1680+84=1764
compound interest= Rs 1764_1600= Rs 164
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