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Answers
Answer:
Amount: Rs. 2315.25
Compound Interest: Rs. 315.25
Principal: Rs. 2000
Time: 1.5 years
Rate% p.a.: 10
Since the amount is compounded half yearly, rate becomes half and time gets doubled.
New Time: 1.5 × 2 → 3 years
New Rate% p.a.: 10/2 → 5
a=p × (1 + r/100)^n
2000 × (1 + 5/100)^3
→2000 × (1 + 1/20)^3
→2000 × [(20+1)/20]^3
→2000 × (21/20)^3
→2000 × 21/20 × 21/20 × 21/20
→2315.25
Amount: Rs. 2315.25
Compound Interest: Amount - Principal
→2315.25 - 2000
→315.25
Compound Interest: Rs. 315.25
Hence, Amount and Compound Interest are Rs 2315.25 and Rs. 315.25, respectively.
Hope it helped you...
Step-by-step explanation:
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Answer:
We will discuss here about the conversion of minutes into hours. We know 60 minutes is equal to 1 hour, which is required to convert the measuring time from minutes to hours.
Solved Examples on Conversion of Minutes into Hours:
1. Convert 45 minutes into hours.
We know, 60 minutes = 1 hour
or, 1 minute = 1/60 hour
Therefore, 45 minutes = 45/60 hour = ¾ hour.
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