Find the compound interest on ?
1,35000 for it year at 63 % pa
.
when compounded semi annaduly
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1
Answer:
Rs. 66856
When interest is compounded semiannually, it means that the compounding period is six months. Therefore, if you have a five-year loan that compounds interest semiannually, the total interest up to that period is added to the principal nine times.
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