find the amount and the compound interest on ₹ 12800 for one year at 15/2% per annum compounded semi annualy
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Interest for the first 1/2year = 12800*15/2% *1/2
=480
Amount=12800+480
=13280
Interest for another 1/2 year = 13280*15/2%*1/2
=498
Amount=13280+498
=13778
therefore, amount =13778
Compound Interest =13778-12800=978
=480
Amount=12800+480
=13280
Interest for another 1/2 year = 13280*15/2%*1/2
=498
Amount=13280+498
=13778
therefore, amount =13778
Compound Interest =13778-12800=978
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