Find the compound interest for 6000 at 9% per annum for 18 months if the interestis compounded semi-annually.
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Answer:
principal *(r/200)^n = compound interest
6000 (9/200)^3
6000(9/200*9/200*9/200)
6000(729/8000000)
6*729/8000
4374/8000
=0.5467
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