Find CI on Rs. 1000 at 10% p.a. for 2 years compounded half yearly.
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Given,Principal,P=Rs.1000Compoindrate,R=20%perannum=202=10%half - yearlyTime=18month=3half - yearsAmount,
A={P×[1+(R100)]n}={1000×[1+(10100)]3}
=1000×11×11×1110×10×10A=Rs.1331
Hence,compoundinterest=Rs.331
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