Find the amount and compound interest on rs 31,250 for years at 8% per annum compounded half-yearly.
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3/2 years =18months
Time =3
31250(1+8/100)^3
31250×(27/25)^3
39366
=39366-31250
=8116
Time =3
31250(1+8/100)^3
31250×(27/25)^3
39366
=39366-31250
=8116
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