find the amount and the compound interest on Rupees 120000 at 8% per annum for one year compounded half yearly
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Amount=Principal(1-Rate)^time
=120000(1-8/100)^1
=120000(92/100)^1
=120000(23/25)
=110400
CI=(120000×8×2)÷100=19200
=120000(1-8/100)^1
=120000(92/100)^1
=120000(23/25)
=110400
CI=(120000×8×2)÷100=19200
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