Find the Simple Interest and Compound Interest on Rs. 48,000 for one and a half year at 8% per annum when compounded half yearly.
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Answer:
Rs53726.4
Step-by-step explanation:
8percent of 48000 is 3660rs
CI in first year is Rs51660
CI in 1/2 year is Rs 2066.4
so total amount after 1 1/2 year is
51660+2066.4= Rs53726.4
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