Question

Compute the compound interest on Rs.2560 for one year at 25/2% per annum compounded half hearly
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Answer 1

Answer:

680 ruppees

Explanation:

here, rate is compounded half yearly

so, for 1 year time is 2

A=P(1 +R%)^2

A= 2560(1+25/200)^2

A = 2560(1+1/8)^2

A=2560*81/64

A= 3240

CI=A-P=3240-2560=680