find the CI on 5000 at the rate of 10% p.a compounded semi annually for 1whole 1/2
years?
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Answered by
2
To find compound interest when interest is compounded half yearly, we use the following formula.
A = P ( 1 + r/2)2n and C.I = A - P
where, P = principal
R = rate in percent p.a.( per annum i.e. annually)
n = number of years.
A = P ( 1 + r/2)2n and C.I = A - P
where, P = principal
R = rate in percent p.a.( per annum i.e. annually)
n = number of years.
Answered by
1
A=p(1+r/2)2n
CI=A-P
Then you genius you can find CI
Okay
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