find the compound interest on 20000 for 1½years at the rate 12% per annum compounded half yearly.
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If interest is compounded half yearly, rate of interest = R / 2 and A = P [ 1 + ( {R / 2} / 100 ) ]T, where 'T' is the time period. For example, if we have to calculate the interest for 1 year, then T = 2. For 2 years, T = 4.
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Answer:
Step-by-step explanation:
formulaA= p(1+r/100)ñ
ci=A-P
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