Find the compound interest on rs 8000 for 1.5 years at 10% per annum , interest being payable half-yearly
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Answered by
3
Step-by-step explanation:
Please mark this answer as BRAINLIEST.
no.of conventional periods=3
n=3
Amount=8000(1+5/100)^3=92610.
compound interest=9261-8000=1261
Answered by
6
Step-by-step explanation:
Answer:
Simple Interest : This Interest on Principal, no Matter how many Years.
Compound Interest : This Interest on Principal & Interest of Each Consecutive years.
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when Amount compounded Half Yearly, then we Reduce Rate by Half and Increase Time by Twice.
In 1st Line it's Normal Interest for all 3 years.
In 2nd Line it's Interest of Interest of 1st and (1st + 2nd) year respectively.
In 3rd Line it's Interest of Interest.
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