Find the compound interest on rs 5000 at the rate of 10% p.a. compounded semi-annually for 3 years.
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Step-by-step explanation:
a=p(1+r/200) square
a=5000(1+10/100) square. ,5000*11/10*11/10, by cancellation 50 *11*11=6050. compound interest =a-p=6050-5000=1050. therefore the compound interest is 1050
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