can someone plz help me out with this sum no.(iii)
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It is provided that .
Principal, p = Rs 10000
Rate, r = 10 % per annum
Time, n = 3 years
Amount on Rs p invested at the rate of r % per annum compounded semi - annually or half yearly for n years is
So, Amount = Rs 13400. 95
Hence,
Compound interest = Amount - Principal
= 13400.95 - 10000
= 3400.95
So, Compound interest = Rs 3400.95
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