find C.I & A 62,500 for 1 1/2 years at 8% per annum compounded half yearly.
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Step-by-step explanation:
P = 62500
Rate of Interest = 8%
N = 1/2 = 0.5
A = 62500 ( 1 + 8 / 100 )⁰.⁵
= 62500 (1+0.08)⁰.⁵
= 62500 (1.08)⁰.⁵
= 62500 × 0.6
= 37500
C.I = A - P
= 62500 - 37500
= 25000
compound interest is 25000 rs and amount Is 37500 rs
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