find the compound interest on rupees 25000 for 6 months at 8% p.a. when the interest is compounded quarterly
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1
Answer:
2040
Step-by-step explanation:
the formula is p(1+r/100) square. 8%/2=4%
25000×1+4/100×1+4/100
25000×104/100×104/100=27040
total rs=27040 then 27040-25000=2040
compound interest is 2040
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