find compound interest on 1500 for 1 and half years at 10%p.a. comppunded half yearly
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Answer:
237.43
Step-by-step explanation:
Principal = Rs.1500
Time = 1.5 year
Rate = 10%p.a.
Amount = principal * (1 + rate /200)^time*2
= 1500 * ( 1+ 10 /200 ) ^3
= 1500 * 21 / 20 ^3
= 1500 * 9261 / 8000
= 1736.43
compound interest = 1737.43-1500
= 237.43
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