Rahul invested rupees 25000 in a saving scheme for 1 1/2 years at 20% p.a. , interest being compounded half yearly. How much he get at the end of 1 1/2 years?
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Sum = Rs. 25000
Time = 5.5 years
Rate = 20% p.a. compounded
Amount = Sum(1+(Rate÷100))^Time
= 25000(1+(20÷100))^5.5
= 25000(1.2)^5.5
= 25000 × 2.73
= Rs. 68145.45
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