the compound interest on 5000 at the rate of 8% per annum for 18 month when interest compounded half yearly
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To find compound interest when interest is compounded half yearly, we use the following formula.
A = P ( 1 + r/2)2n and C.I = A - P
where, P = principal
R = rate in percent p.a.( per annum i.e. annually)
n = number of years.
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