Find the compound interest if the interest is compounded annually on a sum of 65000 for
2 whole 1/2 years at 3% per annum
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Principal=65000 , r=3%, Time= 2 1/2 years
Amount=P(1+R/100)
=₹65000(1+3/100) (1+3×1/2 ÷100)
=₹65000 (103/100) to the power 2
(100+3/2 ÷100)
=₹65000×(103/100) (103/100) × 203/200
=27997151 ÷400
=69992.8775 Ans.
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