determine the difference between the compound interest on Rs 3000 at 10% per annum for 1 year when compounded annually and half yearly
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Answer:
Hey dear friend, here is the answer:-
Step-by-step explanation:
Principle = ₹ 3000 ,
Rate of Interest = 10℅,
Time = 1 year
To find :- Interest
Formula = P× R×T / 100
=> 3000 × 10℅ × 1 /100
Interest = ₹300
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