Find the compound interest on RS 2500 at 12 percent per annum for 1 year , if the interest is compounded half yearly
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Step-by-step explanation:
if x = 4 upon 9 ,y = -7 upon 12 a n d = -2 upon 3 then verify that x - (y-z) =/ (x-z)-z
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Answer:
first
principal = 2500
Time = 2 half years ( as the interest is compounded half yearly)
rate of interest = 12/2 = 6percent
therefore formula of compound interest =
p(1+r/100)ᵗ
Step-by-step explanation:
now put the values and solve
here p= principal= 2500
r= rate of interest = 6%
t = time= 2
now solve correctly
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