P=35000, time = 2 years, rate = 12-% per annum with interest being compounded
half-yearly
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Step-by-step explanation:
P=₹35000
T=2
R=12%, when compounded half yearly,Rate R= R/2
=12/2
=6% per half yearly
Time n= 2×2
= 4 ( 2 halfs in a year)
A=P ( 1+ r/100)^n
A= ₹35000(1+ 6/100)⁴
A=₹35000(106/100)4
A=₹44187
CI= A-P
CI= ₹44187-₹35000
CI =₹9187
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