find the compound interest of ₹24000 for 3/2 year at the rate of 8% per year , when interest is compounded yearly
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Answer:
3/2 year is 1 year and 1/2year
so, interest for one year is 8/100(24000)
=1920
new amount
24000-1920
22080
interest for half years more
22080(8/100)/2=883.2
new amount is 22080-883.2
=21196.8
Step-by-step explanation:
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