Find the amount and the compound interest on * 32500 for 1 year; at 12% per annum, compounded half yearly
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36400 IS THE CORRECT ANSWER
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Since the rate of interest is 12% per annum, therefore, the rate of interest half yearly = 1 / 2 of 12% = 6 %. From the properties of compound interest : Interest = P x R x T / 100. Amount = Principal + Interest.
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