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Calculate the amount and compound interest on ..
a) 62,500 for 1/1/2 years at 8% per annum compounded half yearly.
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Answered by
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70304 is the amount and 7804 is the compound interest if my answer is correct mark me as
preetbhullar1:
answer mere pass bhi hai muje formulae ke sath answer cahiye plzz
if you help me plzz
my answer is wrong
no its write but i want in detail
Answered by
1
Answer:
Given, Principal (P) = Rs. 62,500
Rate =8 % per annum or 4 % per half year
Number of years = 121
There will be 3 half years in 121 years.
We know,
A=P[1+100R]n
⇒A=62500[1+(1004)3]
⇒A=62500×26/25×26/25×26/25
⇒A=70304
compound interest =A−P
= Rs. 70304 - Rs. 62500
= Rs.7,804.
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