Question

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if the interest is compound half yearly, find the amount of compound interest on

1) Rs 10,000 for 1 year at 8 % per annum.

2) 64,000 for 1 ½ year at 5% per annum

3) 2560 for 1 year at 12 ½ % per annum

☃️ Need a correct answer ☺️​

Answer 1

Answer:

1) Rs 10,816

2) Rs 68,921

3) Rs 2,890

Same process for the following 2 problems.

Answer 2

Answer:

the interest is compound half yearly, find the amount of compound interest on

1) Rs 10,000 for 1 year at 8 % per annum.

2) 64,000 for 1 ½ year at 5% per annum

3) 2560 for 1 year at 12 ½ % per annum