compute the compound interest on rs. 40000 for 2 years at 20 %per annum when compounded half yearly
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P = ₹40,000
R = 20%p.a.
R of half year = 10%
T = 2 years
No. of conversion periods = 4
CI = (40000×(1+10/100)^4) -- 40000 = (40000×(11/10)^4) -- 40000 = 58564 -- 40000 = ₹18564
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R = 20%p.a.
R of half year = 10%
T = 2 years
No. of conversion periods = 4
CI = (40000×(1+10/100)^4) -- 40000 = (40000×(11/10)^4) -- 40000 = 58564 -- 40000 = ₹18564
Please mark as Brainliest.
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