find amount and compound interest on rupees 20000 at 6% per annum for 1 year . interest being compounded half yearly
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1 Answer. Principal (P) = ₹ 20,000. Time (t) = 1. ½ Years = 3/2 years. Rate (r) = 10% Amount = P × (1 + (r/2 × 100)) n × 2. = ₹ 20,000 × (1 + (10/200) 3/2 × 2. = ₹ 20,000 × (210/200)3. = ₹ 20,000 × 21/20 × 21/20 × 21/20. = ₹ 23,152.50.
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