Question

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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 .​​

Answer 1

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