Calculate the compound interest to be paid on a loan of rs.2000for 3/2 years at 10% per anum compounded half-yearly
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Answer: 315.25
Step-by-step explanation:
A = P(1 + r/n)nt
A = 2,000.00(1 + 0.1/2)(2)(1.5)
A = 2,000.00(1 + 0.05)(3)
A = $2,315.25
Intrest= 315.25
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