find the compound interest on rs.1000 for 8 months at 18% p.a. compounded half yearly
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Given,Principal,P=Rs.1000Compoindrate,R=20%perannum=202=10%half - yearlyTime=18month=3half - yearsAmount,A={P×[1+(R100)]n}={1000×[1+(10100)]3}={(1000×11×11×1110×10×10)}A=Rs.1331Hence,compoundinterest=Rs.331
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