Find the compound interest on Rs. 7500 for one year at 8% p.a. compounded half – yearly. Also find the amount. Any one can tell me
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AMOUNT=₹8112
AMOUNT=₹8112COMPOUND INTEREST =₹612
principal =7500
rate =8%per annum
half yearly rate =8%/2=4%
time=1year
1year contains=2 half years
Amount=
amount =₹8112
compound interest =amount-Principal
=8112-7500=612
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