find the compound interest on 80 000 for 1 year at 7% p a a compounded half-yearly
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Answer:
A = P(1 + r/100)t
⇒ 80000 × (1 + 10/100)4
⇒ 80000 × (11/10)4
⇒ 8 × 14641
⇒ 117128
CI = A - P
⇒ 117128 - 80000
⇒ 37128
∴ The required compound interest is Rs. 37,128.
hope this will help you
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