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find the amount and the compound interest on 10,000 for 1 and 1/2 years at 10% per annum compounded half yearly for this interest be more than the interest he would get if it was compounded annually.
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10,000 in 2 years at 4% per annum, the interest being compounded half-yearly. Explanation: Principal = Rs. 10000; Rate = 2% per half-year; Time = 2 years = 4 half-years.
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