find the compound interest on ₹1000,at the rate of 8 percent per annum for 3/2 years when is compounded half yearly
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P =1000
T =3/2 +3/2 =3
Rate = 8/2 = 4
Amount = P [ 1 +R /100] t
Acq
1000 [ 1 + 4 /100 ] 3
1000 × 104/100 ×104/100 × 104/100
= 1124.864
CI =A-P
1124.864 -1000 = 124.864
T =3/2 +3/2 =3
Rate = 8/2 = 4
Amount = P [ 1 +R /100] t
Acq
1000 [ 1 + 4 /100 ] 3
1000 × 104/100 ×104/100 × 104/100
= 1124.864
CI =A-P
1124.864 -1000 = 124.864
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