compute the compound interest on ruppees 5000 for 1 and half years at 16% p.a compounded annually
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interest for one year=5000×(16÷100)
=800
For next half year,C.I.=(5000+800)×(16÷100)×(1/2)
=464
Total C.I.=800+464=1264.
=800
For next half year,C.I.=(5000+800)×(16÷100)×(1/2)
=464
Total C.I.=800+464=1264.
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