Rajat invested₹9000 at an interest rate of 1%pa compounded half yearly what would he get after 1½ years
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principle = 9000
rate =1/2%
year=1/2 year =3 half year
now
a=p(1+r/100)
9000(1+1/200)
9000*201/200*201/200*201/200
90*201*201/200*201/200
9*201*201/20*201/200
18271.35
compound interest =18271.35-9000
=9271.35
hope it helps you
rate =1/2%
year=1/2 year =3 half year
now
a=p(1+r/100)
9000(1+1/200)
9000*201/200*201/200*201/200
90*201*201/200*201/200
9*201*201/20*201/200
18271.35
compound interest =18271.35-9000
=9271.35
hope it helps you
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