find the compound interest on ₹200 at 10.5% per annum compounded half yearly for one year
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Answer:
Step-by-step explanation:
Principal (p) = ₹200
Rate of interest (R)= 10.5
No.of years (N) = 1/2years
A=P(1+R/100)N
=200(1+10.5/100)1/2
=200(110.5/100)1/2
=111.60
C .I =A-P
=200 - 111.60
=89.40
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