Find the amount and compound interest of 80000 for one and half year at the 10% per annum compound half yearly
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Answer:
Step-by-step explanation:
P = 80,000
R = 10% = 10/2=5%
T = 3 half years
A = P(1+R/100)^n
A = 80,000(1+5/100)^3
LCM =100
A = 80,000(1/1*100/100+5/100)^3
A = 80,000(100/100+5/100)^3
A = 80,000(105/100)^3
A = 80,000 x 105/100 x 105/100 x 105/100
A = 80,000 x 11,57,625/300
A = 92,610
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