Naval borrowed Rupees 84,000 from a nationalized bank of 1 1/2 yeara at the rate of 10% per annum.Compute the total compound interest payable by Naval after 1 1/2 years,if the interest is compound half yearly.
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Answer:
Rs 13240.5
Step-by-step explanation:
P = Principal
r = rate of interest
t = Time
A = Amount
C.I = A - P = 97240.5 - 84000 = 13240.5
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