in how many years will rupees 62500 earn a compound interest of of rupees 5100 at the rate of 8% per annum Compounded half yearly.
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Answer:
5100= 62500 { ( 1+r/2×100)^2 - 1}
51/625 +1 ={1+r/200)^2
676/625 = {1+r/100)^2
26/25 =1+ r/200
1/25 =r/200
200/25 =r
r = 8%
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