Find the compound interest on ₹5000 at 20% per annum for one and half years compounded half-yearly.
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Answer:
A = 5OOO(1 + 1O\1OO)³
A = 5OOO(11\1O)³
A = 5 x 11³
A = 6655
C.I = 6655 - 5OOO
Compound Interest = 1655 ( Ans )
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