P-10000 R-10 T-1 find the compound interest if it is calculated every half year
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8th
Maths
Comparing Quantities
Compound Interest
Find the compound interest ...
MATHS
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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ANSWER
P=Rs. 10000
T=12mon =1 year
R=10% p.a.
Compounded half yearly
n=2
∴A=P[1+
n
R
]
nT
=10000[1+
2
10
]
2×1
=10000[
2
12
]
2
=10000×6×6
A=360000
C.I=A−P
=Rs. (360000−10000)
=Rs. 260000
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