If the interest is compounded half yearly then what will be the rate if it was initially 10% per annum?
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HOPE IT HELPZ Uh!!
Step-by-step explanation:
P= Rs. 15000; R=10% p.a =5% per half-year; T=1 year =2 half-years.
∴ Amount =[15000×(1+1005)2]
= Rs. (15000×2021×2021)
=16,537.50
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