Find the compound interest on Rs.3000 at the rate 6% per year for 3/2 years compounded half-yearly.
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P = Rs 3000, R = 6%, n = 3/2
Amount after 3/2 years = P(1 +R/2)^2n
=3000(1 + 0.06/2)^2x3/2
=3000(1 + 0.03)^2
=3000 (1.03)^2
=1.06 x 3000
= Rs 3182. 7
C. I = A - P = 3182.7 - 3000 = Rs 182.7
P = Rs 3000, R = 6%, n = 3/2
Amount after 3/2 years = P(1 +R/2)^2n
=3000(1 + 0.06/2)^2x3/2
=3000(1 + 0.03)^2
=3000 (1.03)^2
=1.06 x 3000
= Rs 3182. 7
C. I = A - P = 3182.7 - 3000 = Rs 182.7
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