Find the compound intereste 48000 for 1 year as 8% per annum when compounded half yearly.
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Step-by-step explanation:
C.I. = P×R×T/100
= 48000×8×1/100
= 3840
Amount= 48000-3840
= 44100
Compound Interest= 48000-44100
= 3900 (Answer )
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