Find the amount and compound interest on rupees 32500 for 1 year at 12%pa compounded half yearly
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Step-by-step explanation:
Principal=32500
Time=1year(since it is compounded half-yearly, it will become 2.Because one year has got 2 half-years)
Rate=12%[it will become 6% as it is compounded half -yearly. ]
Hope it helps.
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