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Find the Compound Interest on Rs. 500 for 3/2 years at 12per cent per annum
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24
Answer:
first year interest = 500*12/100 = Rs 60
we know that now in ci we get, interest on interest
so, in next half year we get ,
= 60*12/100*2 = 3.6
Total CI = 63.6 (Ans)
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