Find the compound interest on ₹15,000 at 8% p.a for 3/2 years the interest payable half yearly
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Answer:
15000 for 2 years at 8% per annum compounded semi-annually. Also, C.I. = Rs. 2547.88.
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Answer:
Principal sum = Rs.15000
Rate of interest = 8 %
15000×8/100 = 1200
1200× 1/2 = 600 (half year interest )
total year compound interest =600 × 3/2 = 1800/2 =900//
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