If Principal = Rs.1,00,000 . rate of interest = 10 % compounded half yearly . Find
a) CI for 1 year.
b) Amount for 6 months.
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Answer:
We know that, CI=A−P
And where for six months amount, A=P(1+r/200)
Interest for next six months:
As per question,
A=P(1+ r/200)
=105000(1+10/200)
=Rs. 110250
Cl=110250−105000=Rs.5250
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