calculate the compound interest on sh. 9000 for 2 years at 12.5% p.a compounded half yearly.
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Answer:
Step-by-step explanation:
Compound Interest = P × R × T/100
= sh. 9000 × 2 × 12.5/100
= sh. 90 × 2 × 12.5
= sh. 2250
Compound Interest = 9000 - 2250
= sh. 6750
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