find the compound interest on rs 1000 at the rate of 8% per annum for one and a half years when interest is compounded half yearly .
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Answered by
38
- Principle = Rs. 1000.
- Rate = 8%
- Time = 3/2 years.
- If interest is compounded half yearly.
Amount = P[1+r/200]²ⁿ
= 1000[1+8/200]³
= 1000[26/25]³
= 1000 x 17576/15625 = 1124.864
- So CI = 1124.864 - 1000 = Rs.124.864.
Thank u.
Anonymous:
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Answered by
17
Amount = P[1+r/200]²ⁿ
= 1000[1+8/200]³
= 1000[26/25]³
= 1000 x 17576/15625 = 1124.864
hope its help you thanx and be brainly/................................................................
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