Question

.Find the amount and the compound interest on ₹ 62500 for 18 months at 8% per annum compounded half yearly​

Answer 1

Answer:

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Step-by-step explanation:

Given:

Principle- 62500

time-18 months = 1year 6 months

rate of interest= 8% per annum= 4% for 6months

( because of 6months half year =8/2= 4%)

so total percent=8+4=12%

compound interest= 68500×12%/100

=₹8,220

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