on 1st january 2014 avichal capital was 50000 on 1st july in the same year he introduced rupees 25000 as further capital calculate interest on capital @ 6% per annum
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Answer:
3750
Explanation:
since January the capital was 50000
50000*6%=3000
additional capital introduced on 1st July is 25000
25000*6%*6÷12=750
Total interest on capital=3000+750
=3750.
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