find ci on 13500 for 1 1/2 years at 6 2/3% when compounded semi annually
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Answer:
1395.5
Step-by-step explanation:
P = 13500
r = 20/6 half yearly
t = 3yrs half yearly
A = 13500(1 + 20/600)^3
A = 13500 x 31/30 x 31/30 x 31/30
A = 14895.5₹
C.I = A - P = 1395.5
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