P = 10,000, R = 6% p.a., T = 18 months
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11th
>Applied Mathematics
>Basics of financial mathematics
>Accumulation with simple and compound interest
>Find the compound interest ...
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Find the compound interest on Rs. 10000 for 12 month at 10% per annum. If the interest is compounded.half yearly.
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P=Rs. 10000
T=12mon =1 year
R=10% p.a.
Compounded half yearly
n=2
∴A=P[1+nR]nT
=10000[1+210]2×1
=10000[212]2
=10000×6×6
A=360000
C.I=A−P
=Rs. (360000−10000)
=Rs. 260000.

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interest is Rs 900
amount is rs 10900
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