Find the amount and the compound interest on ₹10000 for 3/2 years at 10% per annum , compounded half yearly. Would this interest be more than the interest he would get if it was compounded annually?
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for half yearly time get double and rate will be half
A=P(1+r/100)n
A=10000(1+5/100)3
A=11576.25
c.i. =1576.25
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