find the compound interest on ₹3, 500 for 1 year at 20 % per annum , when the interest is compounded 1) annually 2) half yearly
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Answer:
700 for 1 year and 35 for half year
Step-by-step explanation:
Formula=p*r*n/100
=3500*1*20%
=70
For half year 70/2
=35
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