find the compound interest on rs.8000 for 1 1/2 years at 10% per annum if interest is being calculated half yearly
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Answered by
3
Answer:
Rs, 1,261
Step-by-step explanation:
P = Rs. 8000
Time = 1 and 1/2 years = 3/2 years
R = 10%
Amount after 3/2 years = Rs. P{ }
= Rs.{ 8,000 }
= Rs. {8,000 }
= Rs. {8,000 * 21/20 * 21/20 * 21/20}
= Rs. 9,261
Therefore CI after 3/2 years = A - P
= Rs. ( 9261-8000)
= Rs. 1,261
Answered by
0
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