Gayathri obtain a loan of rupees 4000 gains from second in the rate of interest is 10% per annum compounded half yearly find the amount and the compound interest paid by the end of 2 years
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Answer:
100 is the answer
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10 4000
100 × 1
= 400
2 years interest ( 1 year = 12 months )
= 400 × 24
= 9600
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