Find the amount and compound interest for 9000 for 1 year at 8% per annum compounded half yearly
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ANSWER:
p=9000
t=1year=2 year
r=8%=8/2=4%
A=p(1+4/100)^2
=9000×104/100×104/100
=9×104×52/5
=9734.4
C.I= A-P
9734.4-9000
734.4
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