find the amount and compound interest on rupees 5600 for 1 year at rate of 10% annum when the interest is compounded half yearly
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Answer:
6,160
Step-by-step explanation:
Principal = 5600
time = 1 year
rate = 10%
by formula = P(1+R/100)^n
where P = principal
R=. rate
N = time
so amount =6,160
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