Question

Compute the compound interest on ₹8000 for 2 years at 15% per annum compounded Half-Yearly.
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really urgent​

Answer 1

Answer:

Rs. 3109

Time =2years 4months = 2(412) years = 213 years

Amount = Rs. [8000 × (1 + 15100)2 × (1+(13 × 15))] = Rs.(8000 × 2320 × 2320 × 2120) = Rs. 11109.

∴ C.I. = Rs. (11109 − 8000) = Rs. 3109.

Step-by-step explanation:

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