Question

Find the compound interest on Rs. 84000 at the rate of 10% per annum in 1 1/2 years it interest is
compound annually:
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Answer 1

Answer:

1/2 years = 3 half years Principal Amount = Rs 84,000 Rate = 10% = 5% half yearly Total amount = principal amount ∴ Compound Interest = Total Amount – Principal Amount = 97,240.50 – 84,000 = Rs 13,240.50

Answer 2

Answer:

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