In how many years will ₹62500 earn a CI of ₹5100 at the rate of 8% per annum compounded half yearly
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2
C.I.=P[(1+
2×100
r
)
2×n
−1]
⇒5,100=62,500[(1+
200
r
)
2
−1]
⇒(1+
200
r
)
2
=
5,100
62,600
⇒1+
200
r
=
250
260
⇒r=8
The rate of interest is 8%.
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0
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