find the amount rupees of rupees 64000 in 2 years 6 months at 5% per annum compound interest. Also fimd compund interest.
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Answer:
here p=64000
t=2+1/2 year=5/2 year
r=5%
interest(I) = prt/100= (64000*5*5)/100*2=320*5*5=8000
compound interest =64000(1+5/100)^(5/2)-64000=64000((105/100)^(5/2)-1)=8302.48
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