nekhil invested 6000 in a compony at compoud intrest compounded semi-annually. he receives 7986 after 18 month from company . find the rate of interest per annum
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Interest is compounded semi-annually.
r = (r % )/2,n=2×(3/2)=3
A=P(1+r/100)^n
⟹r = 10%
Rate of interest=10%per annum.
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