Find amount on Rs. 12600 for 1 year at 10 % per annum compounded half yearly.
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Answer:
This is a bit confusing questions. I will give a question with a answer exactly like this. Hope it will help you.
Step-by-step explanation:
Find CI on Rs. 12600 for 2 years at 10% per annum compounded annually.
We have,
A=P(1+
100
R
)
n
Here, P=Rs.12600,R=10,n=2
Therefore,
A=12600(1+
100
10
)
2
=12600(
10
11
)
2
=12600×
10
11
×
10
11
=Rs.15246
CI=A−P=Rs.15246−Rs.12600=Rs.2646
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