Question

Find the compound interest on rs 1000 for 1 1/2yrs at 12% p.A

Answer 1

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Example 1. Find the compound interest on Rs 1000 for two years at 4% per annum. ... Amount at the end of first year =Rs1000 + Rs 40 = Rs 1040. ... Time = 3/2 years = 3 half- years.