If rs 6000 is invested at the rate of 20% per annum ,compounded half yearly ,the the amount after 18 months will be
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Answer:
Rs. 7800
Step-by-step explanation:
Sum or principle = ₹6000
Rate=20%
Time=18months=6/4
Simple interest= P×R×T/100
=6000×20×6/4×100
=₹1800
Amount= principal+simple interest
= 6000+1800
=₹7800
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