Find the compound interest on Rs 5000 for 1 year at 16%per annum compounded half-yearly.
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Step-by-step explanation:
rate % = 8%
year =2
A = 5000 × (1+2÷25)^2
= (5000×27 ×27) ÷625
=8× 729
=5832
CI= 5832-5000
=832
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