find the amount and the compound interest on ₹20000 for 3/2 years at 10%per annum compounded half yearly would this interest be more than the interst he would if it was compouned annauly.
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Answer:
principal = Rs 20000
Rate = 10%
time = 3/2 years = 1.5 years
Simple interest= P × R × T
100
= 20000 × 10 × 1.5
100
= Rs 3000
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