The compound interest on ₹15625 for 1½ years at 8% per annum compounded half yearly is what?
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Answers
Answered by
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answer: 4%
Step-by-step explanation:
15625. T = (3/2) * 2 = 3 years. R = 8/2 = 4% compounded yearly .
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Answered by
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Answer:
Given .
Principle=₹15625
Rate=8÷4 = 4
Time=1 whole 1/2 = 3/2
3/2×3/2 = 6/2= 3
Step-by-step explanation:
Amount =P(1+R/100) raise to the power 3
15625(1+4/100) raise to the power 3
15625(1+1/25) raise to the power 3
15625(25+1/25) raise to the power 3
15625(26/25 × 26/25 × 26/26)
15625(17576/15625)
Amount=17576
Compound interest = Amount - Principle
17576-15625=1951
Answer=1951
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