Question

Find compound intrest paid when a sum of rs 10000 is invested for 1 year and 3 month at 8/1/2 p.a compounded annually

Answer 1

Principal rs. 10000
Rate 2 percent per half year 
Time 2 years equal to 4 half year 
Amount rs. 10824.32
C.I rs 10824.32-10000 
824.32.
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