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how much will a sum of Rs 6000 amount to in 1 and a 1/2 years at 10% p.a compound interest , interest being payable half yearly ? Also find the compound interest .
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Answer:
615
Step-by-step explanation:
The compound interest on Rs. 6000 at 10% per annum for one year ,compounded half-yearly is
= =6000×(1+
2×100
100
)
2
−6000
=6000×
20
21
×
20
21
−6000
=6615−6000=615.
So the compound interest is Rs. 615
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