Find difference between C.I. nd S.I. on Rs 12000 in 1½ yrs at 10 % compounded half yearly. *
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P = 12000
R = 10%
T = 1½yrs
CI ( time=fraction)=P*(1+r/100)^whole part of the time*(1+fraction*r/100)
=12000(1+10/100)1*
(1+½*10/100)
= 12000(110/100)*(1+5/100)
= 120*110*105/100
= 13860 RS
SI= PTR/100
1600*3/2*10/100
= 1800 RS
CI-SI = 12060 RS
I hope this will help you out.
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