find the compound intresr
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Step-by-step explanation: principal: 1000
Time= 1 half yearly=1×2=2
Rate=2% half yearly=2÷2=1%
Amount=P{1+R/100}^t
Amount=1000(1+1/100) ^1
Amount=1000×101/100
Amount=10×101
Amount=1010
Compound Interest=amount-principal
CI=1010-1000
Compound interest=10₹half yearly
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