find compound interest on 8000 at rate 10% and time 1 and a half years
( 1 1/2years) compounded annually
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first finding compound interest for 1 year
amount = P (1+R/100)
= 8000(1+10/100)¹
= 8000(110/100)
= 8800
compound interest= A-P
8800-8000
= ₹800
now simple interest for the half year
I = PRT/100
= 8000x10x1/ 100x2
= 80000/200
= ₹400
Total interest= ₹800+₹400
=₹1200
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