Find the compound interest on ₹14000 for 1½ years at 12% per annum, if the interest is compounded half-yearly
answer of this question is rupees 2744.22
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hey
Step-by-step explanation:
here is for 1year mate
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Step-by-step explanation:
CI=P(1+i)^n
Interest is compounded half yearly;
CI = P(1 + i/2)^2n
=14000(1+0.06)^2*1.5
=14000(1+0.06)^3
=14000×1.19
=16,660
Amt=16,660-14000=2660
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