find the compound interest on a sum of 3000 for1 1/2 at 8%pa compounded semi-annually
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Answer:
Rs369.60
Step-by-step explanation:
Amount= 3000(1 + 8/100) (1 + 8×1/100×2)
=3000×108/100×26/25
=3369.60
So now calculate CI
CI=3369.60‐3000=Rs369.60
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