Q. 5)P=31250, r = 8% p.a., t = 2– years. Find the compound interest on semi annual basis.
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Answer:
P=Rs. 31250,R=8%,T=2times43,A=?
A=P(1+100R)
⇒31250(1+1008)243
⇒31250×100108×100108×100106
⇒Rs.38637
C.I=A−P
=38637−31250=Rs.7387
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