calculate the compound interest on rupees 4000 in one and half years at 10% per annum compounded half yearly
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Answered by
9
p=4000
r=10
half yearly formula for time = 2n= 2yr
a=p(1+1/2r/100)2n
r=10
half yearly formula for time = 2n= 2yr
a=p(1+1/2r/100)2n
Answered by
4
CI= p (1+r/100)^t
4000(1+10/100)^1/2
√4000(2)
√8000
=89.44
4000(1+10/100)^1/2
√4000(2)
√8000
=89.44
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